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POPULAR NEWS
Dow marks 2nd all-time high in a row but tech stocks weigh on broader market

The Dow Jones Industrial Average notched its second straight record close in succession, but declines in consumer-discretionary shares and technology weighed on the broader market. The Dow closed up 0.2% at 26,719 (on a preliminary basis). while the S&P 500 index fell by less than 0.1% to end at 2,929, and the technology-centric Nasdaq Composite Index ended down 0.5% at 7,986, contributing to a weekly decline for the index of 0.3%. Meanwhile, the Dow posted a weekly gain of 2.2%, representing...

Hong Kong Stocks Head Into Weekend On Strong Note (Review)

Hong Kong stocks posted a fourth day of gains Friday to end the week with a sparkle following a record close on Wall Street, with investors concentrating on the healthy US economy rather than the China-US trade row. The Hang Seng Index rose 1.73 percent, or 475.91 points, to close at 27,953.58. The benchmark Shanghai Composite Index soared 2.50 percent, or 68.24 points, to 2,797.48, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.77 percent, or...

U.S. may impose tariffs against China as soon as Friday
Thursday, 14 June 2018 11:05 WIB | GLOBAL |Global

The Trump administration, deepening its global trade offensive, is preparing to levy tariffs on tens of billions of dollars of Chinese goods in the coming week, perhaps as early as Friday ” a move that is likely to spark heavy retaliation from Beijing.

Senior trade officials in the White House, the Commerce and Treasury departments and the U.S. Trade Representative's office met on the issue before President Donald Trump went to a summit of the Group of Seven industrialized nations in Canada on Friday ” and agreed that the U.S. should proceed, said U.S. officials and others briefed on the talks.

Trump hasn't given his final approval and could have second thoughts about applying heavy pressure on China, the officials said, particularly because the U.S. wants Beijing™s cooperation in its efforts to get North Korea to give up its nuclear weapons. Trump returned to Washington on Wednesday morning after meeting with North Korean leader Kim Jong Un in Singapore.

An administration official said Trump and his circle of advisers are scheduled to finalize plans on Thursday on imposing the China tariffs. Since Trump™s initial warnings of tariffs, China has done nothing to do address the president™s concerns about its trading practices, the official said, bringing the White House to this point. The administration in April initially planned tariffs on $50 billion in goods, but the total could change as the list is refined, with some products taken off and others added following a public comment period. The White House had set Friday as a deadline for a list of products that would be covered under a new tariff regime.

Source: Marketwatch

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POPULAR NEWS
Dow marks 2nd all-time high in a row but tech stocks weigh on broader market

The Dow Jones Industrial Average notched its second straight record close in succession, but declines in consumer-discretionary shares and technology weighed on the broader market. The Dow closed up 0.2% at 26,719 (on a preliminary basis). while the S&P 500 index fell by less than 0.1% to end at 2,929, and the technology-centric Nasdaq Composite Index ended down 0.5% at 7,986, contributing to a weekly decline for the index of 0.3%. Meanwhile, the Dow posted a weekly gain of 2.2%, representing...

Hong Kong Stocks Head Into Weekend On Strong Note (Review)

Hong Kong stocks posted a fourth day of gains Friday to end the week with a sparkle following a record close on Wall Street, with investors concentrating on the healthy US economy rather than the China-US trade row. The Hang Seng Index rose 1.73 percent, or 475.91 points, to close at 27,953.58. The benchmark Shanghai Composite Index soared 2.50 percent, or 68.24 points, to 2,797.48, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.77 percent, or...

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