Shares in Asia were mostly higher in Friday morning trade following overnight gains on Wall Street as investors stateside cheered strong earnings and economic data. “Asian markets may attempt to build on yesterday’s positive momentum given that China has not announced any further retaliatory measures to US’ Huawei measure beyond verbal protests. However, we read this as a temporary pause to reassess in the interim rather than green light to be risk-on again,”
Mainland Chinese shares, however, tumbled amid ongoing tensions between Beijing and Washington. The Shanghai composite slipped 1.46% by the morning session’s end and the Shenzhen component was 1.77% lower. The Shenzhen composite fell more than 1.656%.
Visit Dollar Advisory
Call Us: +91 91111-79961.
No comments:
Post a Comment