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Even if the United States and China exchanged TAT tariffs, the global market was stable on Tuesday after US President Donald Trump paused trade war between Canada and Mexico.
Hong Kong’s Hanshen Index rose by 3.3 % of Chinese high -tech companies and before erasing a part of profits to close 2.7 %. The royal yuan in the offshore was slightly enhanced, and the dollar was $ 1, and the price was reduced.
The European market opened a little, and the StoxX EUROPE 600 retreated 0.5 % in early transactions. FTSE 100 decreased 0.6 %. The US futures have shown that S & P 500 and NASDAQ fall slightly.
Weekend Trump has raised 10 % of tariffs for China on Tuesday. Other taxes in Canada and Mexico stopped after the market defeat on Monday over the fear of global trade contracts.
China has retaliated on US energy exports, further trade restrictions on important minerals, and tariffs on Google’s anti -Trust probes, but the market has been messed up. The market of mainland China was closed on Tuesday.
Mitur Koteca, the head of Berkraze’s emerging market macro strategy, states:
“The reactions in China -related markets were not negative as before. 10 % is not 60 %,” he added, mentioning the size of Trump’s tariffs on China.
US dollars have decreased by 0.4 % to major trade currency baskets, including euro and yen.
The suspension of taxation between Canada and Mexico has injected the hope that the World Trade War could be avoided, but the tariff on the reaction between China and Beijing is the world’s two largest economy. A quarter of the escalation led to concerns.
The price of blent and crude oil, an international oil benchmark, decreased by 1 % on Tuesday to $ 75.2 per barrel. Nishi -Texas intermediate, a US benchmark, fell 1.6 % and was $ 72 per barrel.
Hong Kong’s listed Chinese companies rose 3.5 % on the signs that investors were not interested in the latest THE-FOR-TAT exchange. Technology stock has won Tencent, Alibaba, Xiaomi, and JD.com, one of the best performers. The state -owned Chinese chip maker SMIC jumped 8.1 %.
“Local (China) technology has a lot of optimism,” said Wee Khoon Chong, a BNY senior market strategist. “I have a sense of optimism that ((Chinese AI company) Deepseek can accomplish it, it may not be so bad.”
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The rapid increase in Chinese technical stocks came after Trump wrote on his true social platform as follows: It’s great for China and for all stakeholders. “
Trump states that tariffs on China may be on transactions over Tactoku’s ownership. Within a few hours of the inauguration ceremony last month, Trump has postponed the deadline for selling or banning shares by the Chinese owner of the app in the United States.
He is expected to talk to Chinese leader Xi Jinpei in the next few days.
Other Asian markets were also acquired on Tuesday. The Nippon Switch 225 index, which has many Japanese exporters, closed 0.7 %, and Korea’s Cospi progressed 1.1 %.
Taiwanese benchmark TAIEX rose 0.4 %, led by Taiwanese semiconductor manufacturing companies to 2.3 %.