Thursday, January 24, 2019 | ePaper

Asian markets down as attention turns back to trade talks

  • Print
AFP, Hong Kong :
Asian markets fell on Tuesday as trade moves back into view with China and the US holding more high-level talks this week, while oil prices edged higher as tensions in the Middle East simmer.
A recent run-up in equities over the past week has also led to profit-taking with Hong Kong turning lower after six straight days of gains.
US markets rose again as Chinese Vice Premier Liu He-President Xi Jinping's right-hand man on economic issues-headed to Washington on Tuesday for a new round of talks aimed at heading off a trade war between the economic giants.
There are hopes the two sides can hammer out an agreement to end a spat that has seen both sides threaten tariffs on billions of dollars of goods.
Donald Trump's call to help get Chinese telecom equipment maker ZTE "back into business fast" soothed nerves, while Commerce Secretary Wilbur Ross said Monday he was exploring "alternative remedies" for the firm, which was in April banned from buying crucial US technology for seven years.
"China is reportedly close to removing tariffs on agricultural products in exchange for relief for ZTE," said Stephen Innes, head of Asia-Pacific trade at OANDA. "It helps explain why President Trump said he'd work with President Xi on this company."
The talks come as US officials try to reach agreements with Canada and Mexico on revising their three-way trade pact, while EU steel tariff exemptions are due to end on June 1.
Hong Kong was 0.8 percent lower after racking up gains of more than five percent over the previous six sessions, while Tokyo ended the morning slightly down.
Shanghai was marginally down, while Sydney and Singapore each shed 0.4 percent, Seoul gave up 0.6 percent and Taipei dipped 0.2 percent.

More News For this Category

Taskeen Ahmed, Deputy' Managing Director of IFAD Group presenting a bouquet to Acting High Commissioner of India in Bangladesh Dr. Adarsh Swaika at the company's factory premises at Ashulia in Dhaka recently. The Commissioner expressed his satisfaction over the quality of the products and the factory environment.

Taskeen Ahmed, Deputy' Managing Director of IFAD Group presenting a bouquet to Acting High Commissioner of India in Bangladesh Dr. Adarsh Swaika at the company's factory premises at Ashulia in Dhaka recently. The Commissioner expressed his satisfaction over the quality of the products and the factory environment.

.

S M Formanul Islam, CEO of Bangladesh Infrastructure Finance Fund Limited (BIFFL) and Mirza Salman Ispahani, Chairman of MM Ispahani Limited, exchanging an agreement signing document for a financing up to Tk. 55crore under the Energy Efficiency & Conservation Promotion Financing (EECPF) of JICA for setting-up an energy-efficient Textile Mill named

S M Formanul Islam, CEO of Bangladesh Infrastructure Finance Fund Limited (BIFFL) and Mirza Salman Ispahani, Chairman of MM Ispahani Limited, exchanging an agreement signing document for a financing up to Tk. 55crore under the Energy Efficiency & Conservation Promotion Financing (EECPF) of JICA for setting-up an energy-efficient Textile Mill named "Pahartali Textile and Hosiery MillsUnit-5" at Chattogram. The signing ceremony was held in Chattogram city on Sunday. Top executives from both the sides were present.

.

IFIL wins IFA Award-2018

IFIL wins IFA Award-2018

Business Desk :Islamic Finance and Investment Limited (IFIL), country's first Shariah Based Non-Bank Financial Institution (NBFI), has won the 'International Finance Award 2018' in the category of the ''Most

UK trade chief sells great new world after Brexit

AFP, Davos, Switzerland :Britain's pro-Brexit trade chief Liam Fox came to Davos Wednesday to sell a vision of "GREAT" free trade even if many in parliament are aghast at

3-day national vegetable fair begins today

Economic Reporter :A three-day long 4th 'National Vegetable Fair-2019' begins today in the capital to encourage people to consume more vegetables.The main theme of the fair is 'safe vegetable

Tajwar M Awal, Director of Lal Teer Seed Limited, poses for photograph after inaugurating the Lal Teer Day-2019 celebration programme at its' Joydevpur R & D and Processing Centre recently. The company is striving for raising smallholder farmers, productivity and achieving food and nutrition security since 1996 in the country.

Tajwar M Awal, Director of Lal Teer Seed Limited, poses for photograph after inaugurating the Lal Teer Day-2019 celebration programme at its' Joydevpur R & D and Processing Centre recently. The company is striving for raising smallholder farmers, productivity and achieving food and nutrition security since 1996 in the country.

.

BIFFL-Ispahani Tk 55cr deal on JICA's refinancing scheme

Business Desk :Bangladesh Infrastructure Finance Fund Limited (BIFFL) and M.M. Ispahani Limited signed an agreement on financing up to Tk 55 crore loans under the Energy Efficiency & Conservation

BMCCI seeks comprehensive info policy for branding Bangladesh abroad

BMCCI seeks comprehensive info policy for branding Bangladesh abroad

UNB, Dhaka :Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) President Syed Moazzam Hossain on Wednesday laid emphasis on a comprehensive information policy for disseminating information among the people through

Dhaka int'l yarn, fabric show begins

Economic Reporter :The Dhaka International Yarn and Fabric Show-2019 began on Wednesday to showcase the latest and sophisticated yarn, fabrics, accessories and emerging technologies for textile and garment industries.Commerce

Stocks maintain upward trend on higher transactions

Economic Reporter :Stocks witnessed upward trends on Wednesday as major indices of both Dhaka and Chittagong Stock Exchanges rose up on higher transactions.The day's trade value at the DSE