Asian stocks notched up small gains as investors largely adopted a wait-and-watch approach on tariff negotiations before taking long-term bets. While the Nikkei-225 gauge in Japan advanced 0.8%, shares in mainland China dipped 0.4% after the US took steps to impose levies on Chinese vessels docking at its ports. The New Zealand dollar extended a decline from a five-month high. Most of the other markets in the region are shut for the Good Friday holiday. Traders are focused more on developments in country-specific discussions, seeking clues on how the tariffs will pan out. After the “big progress” in the Japan-US talks, President Donald Trump said he’s “very confident” of a deal with the European Union, without giving further details. Questions surround the status of China talks after Beijing indicated Wednesday it has several conditions for agreeing to talks with the administration. The yen was little changed Friday after weakening in the prior session as Japan’s top negotiator said currencies weren’t discussed in the bilateral meeting. That allayed concerns a stronger exchange rate would be part of the US demands. While Trump didn’t offer details of any agreement with the EU, he was decisive on a critical US-Ukraine minerals accord, saying a deal would be signed next week. The president also said he was reluctant to continue ratcheting up tariffs on China because it could stall trade between the two countries, and insisted Beijing had repeatedly reached out in a bid to broker a deal. Still, the administration took steps to impose levies on Chinese vessels docking at US ports, threatening to shake up global shipping routes and escalate the trade war between the world’s two biggest economies. Shipping stocks in Japan and South Korea such as Kawasaki Kisen Kaisha Ltd. and HMM Co. jumped on the news. Trump’s tariff deluge has prompted some Chinese clients to reduce their Treasuries holdings in favor of European debt, according to Deutsche Bank AG. European high-quality bonds, Japanese government bonds and gold are likely to be the potential choices for investors as alternatives to Treasuries, said Lillian Tao, head of the bank’s macro and global emerging market sales. Meanwhile, Contemporary Amperex Technology Co.’s shares fell Friday after a US congressional committee called on two American banks to withdraw from working on the Chinese battery maker’s planned initial public offering in Hong Kong. Elsewhere in Japan, consumer inflation advanced apace last month, supporting the central bank’s stance on a gradual rate-hike path. The price of rice, the nation’s staple food, rose 92.1% from a year earlier, the fastest pace in data going back to 1971. US equities posted a weekly loss amid disappointment over Jerome Powell’s push back on the idea of the Federal Reserve supporting markets. Treasuries fell on Thursday to pare a weekly advance, while the dollar dropped for a third week. Trump criticized Powell on social media Thursday, saying the Fed Chair’s termination from his post can’t come quickly enough, arguing that the central bank should have cut interest rates already this year. Trump later told reporters he could force Powell out if he wanted to. US After Hours NFLX +2.4% heads higher following solid Q1 report; MTX -1.8% down on guidance, X -1.1% lower on doubts over Nippon Steel deal.
Nikkei +0.99% Hang Seng Closed CSI -0.39% Shanghai -0.35% Shenzen -0.33%
Eur$ 1.1372 CNH 7.3011 CNY 7.2978 JPY 142.35 GBP 1.3272 CHF 0.8184 RUB 82.1125 TRY 38.0703 WTI$ 64.68 Closed Gold 3,327 Closed BTC 84,620 -0.61% ETH 1,579 -0.35%
S&P Closed Nasdaq Closed EuroStoxx Closed FTSE Closed Dax Closed SMI Closed
Macro :
- Trump Says China Has Reached Out a Number of Times
- Rokos Keeps Making Money on Trump-Fueled Market Rallies or Routs
- Rokos Keeps Making Money on Trump-Fueled Market Rallies or Routs
- Trump Says Minerals Deal With Ukraine to Be Signed Next Thursday
- Trump Faces Surge of Deportation Lawsuits Over War Power Act
- Japan, US Arranging Finance Min. Talks Early as April 22: Nikkei
Keep an eye on :
Keep an eye on :
- AC FP : Accor in Exclusive Talks With Royal Holiday to Add 17 Hotels
- AH NA : Ahold Delhaize Says Probe Shows Files Taken From Some US Systems
- AAPL US : Apple Loses Ground in China’s Smartphone Market as Local Rivals Gain, The U.S. tech giant dropped to fifth place with a 13.7% market share - WSJ
- BGN IM : Banca Generali Strengthens Partnership With Generali
- BAYN GY : Bayer Granted FDA Orphan Drug Status for Emodepside
- CARM FP : Carmila Maintains FY Recurring EPS Forecast
- ECONB BB : Econocom 1Q Rev. Cont Ops EU663.3M Vs. EU634.9M Y/y
- EDP PL : EDP puts a 230 MW solar portfolio up for sale
- GFC FP : Gecina Maintains FY Recurrent Net per Share Forecast
- G IM : Banca Generali Strengthens Partnership With Generali
- GLEN LN : Glencore, Gunvor Mull Buying Italiana Petroli: Reuters
- GTT FP : GTT Maintains FY Ebitda Forecast
- HTZ US : Ackman Says Pershing Has Amassed a 19.8% Stake in Hertz, Bill Ackman Makes Big Bet on Hertz Becoming Tariff Winner (4)
- INTC US : Intel CEO Streamlines Leadership Team, Reuters Reports
- META US : Blue Whale Fund Sells Its Entire Stakes in Meta, Microsoft: FT
- OR FP : L'Oreeal ADRs Surge as Like-for-Like Sales Beat Expectations
- RBI AV : Raiffeisen halts sale of Russia unit amid US thaw
- SPM IM : Saipem, Saudi Aramco Renew Offshore Pact
- UBER US : Uber Said in Talks to Buy Turkish Delivery Platform Trendyol Go
- X US : *US STEEL SHARES FALL 2% AFTER TRUMP COMMENTS