Asian markets rise amid uncertainty about the US-China trade scandal


BEIJING – Asian stock markets rose on Monday amid uncertainty over a growing tariff dispute between China and the United States after President Donald Trump said it was possible an agreement, but his advisers said that other nations could increase the pressure in Beijing.

MAINTENANCE SCORE: The Shanghai Composite Index rose 0.2 percent to 3,137.76 and Toyko's Nikkei 225 rose 13 points to 21,580.42. The Hang Seng of Hong Kong gained 0.6 percent to 30,013.30 and the Australian S & P-ASX 200 added 1 point to 5,789.40. Kospi of South Korea rose 0.2 percent to 2,434.94 and benchmarks in Taiwan and Indonesia also rose. New Zealand and Singapore declined.

TRADE TENSIONS: Trump said Washington and Beijing can resolve their tariff dispute, but his new economic adviser, Larry Kudlow, said a "coalition of the willing" -including Canada, much of Europe and Australia-was being forming to put pressure on China. Kudlow said that while Washington hoped to avoid taking action, Trump "was not bluffing." Beijing and Washington have threatened to increase tariffs on 50 billion dollar goods from others. Trump said that the list of EE. UU It could increase by an additional $ 100 billion, which prompted the Chinese government to say it would "counterattack with great force."

TAKING ANALYST: "The cloud of trade tariffs is shaping up in the new week after last Friday" President Donald Trump intensified tensions with the proposed new tariffs, "IG's Jingyi Pan said in a report. Despite the conciliatory messages presented during the weekend, investors are expected to remain alert at the beginning of the week with more things to look for in China. "

WALL STREET: Shares fell due to the possible impact of the tariff dispute In US exporters, Caterpillar, a manufacturer of construction equipment, fell 3.5 percent and aircraft maker Boeing lost 3.1 percent, while the Dow Jones industrial average fell 2.3 percent. 23,932.76, down 10 percent from its all-time high at the end of January, the Standard & Poor's 500 lost 2.2 percent to 2,604.47, while the Nasdaq compound fell 2.3 percent to 6,915. 11.

ENERGY: e The US benchmark crude UU It earned 19 cents at $ 62.25 per barrel in electronic trading on the New York Mercantile Exchange. The contract collapsed $ 1.48 on Friday to close at $ 62.06. Brent crude, used to quote international oils, added 21 cents to $ 67.32 in London. It fell $ 1.22 the previous session to close at $ 67.11.

CURRENCY: The dollar was little changed to 106.91 yen. The euro fell to $ 1.2269 from $ 1.2282.

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