Asian stocks were mixed Tuesday as investors digested moves by Washington against Huawei Technologies Co. that sank U.S. technology shares overnight. The yuan steadied near a six-month low.
Chinese shares had the strongest gains in the region. While they dipped in Tokyo, they were off their lows, and stocks fluctuated in Hong Kong. Samsung Electronics Co. helped bolster Korean shares, on bets it may benefit from Huawei’s need to shift away from U.S. suppliers. S&P 500 Index futures climbed after the benchmark dropped Monday, with semiconductor stocks among the biggest laggards as the White House blacklisted China’s top telecom company. Australia’s dollar dropped with bond yields after the central bank governor flagged that an interest-rate cut will be considered next month.
US After Hours QTT -7%, NDSN -2.5% move lower after earnings
Nikkei -0.22% Hang Seng -0.04% CSI +1.34% Shanghai +1.23% Shenzen +1.61%
Eur$ 1.1153 CNH 6.9308 CNY 6.9057 JPY 110.17 GBP 1.2723CHF 1.0108 RUB 64.5247 TRY 6.0382 WTI$ 63.56 +0.60%
S&P +0.39% EuroStoxx +0.57% Dax +0.58% SMI +0.57%
Macro :
- Woodford Flagship Fund Downgraded by Morningstar: FT
- MSCI To Announce Prospective Upgrade of Kuwait To EM on June 25
- China Warns About ‘Unwavering Resolve’ to Fight U.S. ‘Bullying’
Keep an eye on :
- ADP FP : Aeroports de Paris Proposes Augustin de Romanet as Chairman, CEO
- ADS GY : Nike, Adidas Call Tariffs ‘Catastrophic’ in Open Letter to Trump
- AMG NA : AMG Plans to Build Greenfield Plant in Ohio Using Bond Proceeds
- BIDU US : *BAIDU PLANS TO SPIN OFF AUTONOMOUS CAR BUSINESS: CAIJING
- BIOAB SS : BioArctic Get EU15M Milestone Payment From Eisai BAN2401 Study
- CEC GY : Ceconomy Profit Falls as Western, Southern Europe ‘Challenging’
- COFB BB : Cofinimmo Buys Office in Brussels CBD for About EU6m
- DAI GY : Daimler Eyes 20% Lower Administrative Costs: Handelsblatt
- DMP GY : Dermapharm 1Q Adj. Ebitda Up 20.7% to EU43.7m; Confirms Guidance
- DBK GY : Deutsche Bank Says NYT Story Contains Misleading Statements
- DBK GY : Top Deutsche Bank Investors Focus Their Discontent on Chairman
- DIA SM : LetterOne, Banks Reach Accord on Restructuring Synd. Debt
- EDF FP : EDF Names Lewandowski Senior Exec VP for Nuclear and Thermal
- ENGI FP : Neoen Owner Mulls Sale to Engie in Return for Stake:BFM Business
- ECP FP : Besson's Movie Studio That Made `Taken' Seeks U.S. Bankruptcy
- DEC FP : Clear Channel Wins City of Paris Street Furniture Contract
- LEO GY : Leoni May Need Big Capital Increase, Debt Worrying: Lampe
- MBWS FP : Marie Brizard Reports Progress in Talks With Financial Partners
- MYSL LN : Mike Ashley’s Sports Direct Divests Stake in MySale Fashion Site
- MONT BB : Montea Sees Growth of Adj. EPS, Dividend by at Least 5%
- NEOEN FP : Neoen Owner Mulls Sale to Engie in Return for Stake:BFM Business
- NHY NO : Norsk Hydro: Brazil Court Lifts Remaining Embargo at Alunorte
- NRS NO : Norway Royal Salmon 1Q Operating Ebit Misses Est.
- RBS LN : Four Banks Win Dismissal From U.S. Forex Antitrust Case
- RNO FP : Renault to Add Car-Sharing Technology to Electric Zoe Models
- GLE FP : SocGen Plans to Pull Back From Trading in Brazil, Latin America
- SOON SW : Sonova Full Year Sales of CHF2.76b Match Estimates (1)
- GLE FP : Four Banks Win Dismissal From U.S. Forex Antitrust Case
- SSE LN : Options Narrow for SSE After Failed Merger and Fleeing Customers
- TIT IM : Telecom Italia 1Q Organic Adjusted Ebitda Meets Est.
- TIT IM : Telecom Italia Profits Are Still Falling as CEO Deepens Overhaul
- TEMN SW : Temenos Sees Non-IFRS Total Rev. Growth of at Least 10-15% CAGR
- UBSG SW : Four Banks Win Dismissal From U.S. Forex Antitrust Case
- WDP BB : WDP’s Structural Tailwind to Maintain Profits: Morgan Stanley