{"id":27902,"date":"2018-08-23T10:44:34","date_gmt":"2018-08-23T05:14:34","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27902"},"modified":"2018-08-23T12:08:03","modified_gmt":"2018-08-23T06:38:03","slug":"thursday-23rd-august-asian-markets-lower-as-fresh-us-tariffs-hit-china-today","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-23rd-august-asian-markets-lower-as-fresh-us-tariffs-hit-china-today\/","title":{"rendered":"Thursday 23rd August: Asian Markets lower as fresh US tariffs hit China today"},"content":{"rendered":"<h2>\n\t<strong><span style=\"font-size:14px;\">Global Markets:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei up 0.26%, Shanghai Composite down 0.34%, Hang Seng down 0.75%, ASX down 0.29%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1197.50 (-0.48%), Silver at $14.61 (-0.98%), Brent Oil at $74.61 (-0.23%), WTI Oil at $67.88 (+0.03%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.814, UK 10-year yield at 1.267, Germany 10-year yield at 0.340<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<strong><span style=\"font-size:14px;\">News &amp; Data:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories -5.8M vs -1.6M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Existing Home Sales 5.34M vs 5.40M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Retail Sales m\/m -0.20% vs -0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Core Retail Sales m\/m -0.10% vs -0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China to file complaint with WTO &#8211; Commerce Ministry<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">U.S., China Set Additional Tariffs Of 25 Percent On $16 BLN Worth Of Each Other&#39;s Goods<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Populist Shock: Aussie Dollar Tumbles After PM Turnbull Loses Cabinet Support<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<strong><span style=\"font-size:14px;\">Markets Update:<\/span><\/strong><br \/>\n<\/h2>\n<p>\n\t<span style=\"font-size:14px;\">Asian stocks are trading mostly lower on Thursday as a deadline loomed for fresh U.S. tariffs on China. U.S. and Chinese officials resumed trade talks on Wednesday, but a breakthrough is unlikely after U.S. President Donald Trump said he didn&#39;t anticipate much from the discussions. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">New U.S. tariffs on Chinese goods will be imposed during Asian hours. Markets are also rife with speculation that U.S. President Donald Trump&rsquo;s political position could be threatened by the legal woes of two former advisers. Moody&rsquo;s cited the U.S.-led trade war as a risk to global growth with emerging markets already battling high oil prices and a tightening of financial conditions.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Greater China markets were in negative territory. Hong Kong&#39;s Hang Seng index was down by 0.75 percent, with the materials sector declining 1.54 percent. The Shanghai composite was down by 0.34 percent while the Shenzhen composite reversed its earlier gains to trade lower by 0.15 percent. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Japan&#39;s Nikkei index was rising 0.2 percent as the yen weakened against the dollar, helping lift companies with overseas earnings. Australia&#39;s benchmark S&amp;P\/ASX 200 was moving down 0.3 percent, dragged down by banks as renewed political uncertainty clouded the economic outlook. The future of Prime Minister Malcolm Turnbull was in question after several senior ministers tendered their resignations on Thursday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar index, which measures the greenback against a basket of major currencies, gained after minutes of the Federal Reserve&rsquo;s latest policy meeting showed the U.S. central bank was on course to further hike rates. In commodities, Brent crude, the international benchmark, was flat at $74.78. U.S. crude gained 11 cents to $67.97. U.S. gold futures for December delivery fell 0.5 percent while spot gold dipped 0.4 percent to $1,190.5 an ounce.<\/span>\n<\/p>\n<h2>\n\t<strong><span style=\"font-size:14px;\">Upcoming Events:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) French Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) French Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (EUR) German Buba President Weidmann Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (EUR) German Flash Manufacturing PMI<a name=\"_GoBack\"><\/a><\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (EUR) German Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (EUR) ECB Monetary Policy Meeting Accounts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Day 1 GMT &#8211; (All) Jackson Hole Symposium<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:45 PM GMT &#8211; (NZD) Trade Balance<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.26%, Shanghai Composite down 0.34%, Hang Seng down 0.75%, ASX down 0.29% Commodities : Gold at $1197.50 (-0.48%), Silver at $14.61 (-0.98%), Brent Oil at $74.61 (-0.23%), WTI Oil at $67.88 (+0.03%) Rates : US 10-year yield at 2.814, UK 10-year yield at 1.267, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-23rd-august-asian-markets-lower-as-fresh-us-tariffs-hit-china-today\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 23rd August: Asian Markets lower as fresh US tariffs hit China today<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=27902"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27902\/revisions"}],"predecessor-version":[{"id":27917,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27902\/revisions\/27917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27903"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}