Asian shares on Friday caught the tail of a Wall Street rally aided by China's solid export figures and a stabilization in the yuan, but fresh concerns about Sino-U.S. trade ties capped the region's gains.
U.S. stocks fell on Friday following renewed jitters over the U.S.-China trade war, capping a week of trading that saw big swings and high volume.
U.S. stocks fell on Friday following renewed jitters over the U.S.-China trade war, capping a week of trading that saw big swings and high volume.
U.S. President Donald Trump on Friday said he was not ready to make a deal with China and even called a September round of trade talks into question, reviving concerns on financial markets that the bilateral dispute is unlikely to end anytime soon.
White House trade adviser Peter Navarro said on Friday the United States was still planning to hold another round of trade talks with Chinese negotiators.
The U.S. Commerce Department is continuing to evaluate requests by U.S. companies to sell certain equipment to Chinese telecoms company Huawei Technologies Co Ltd, a White House official and Commerce Department spokesman said Friday.
Peru has suspended a construction permit it recently gave to Southern Copper Corp for its $1.4 billion Tia Maria copper project while officials can re-evaluate its legality, authorities announced late on Friday.
The S&P 500 was down slightly while the Dow was flat in late Friday trading as renewed jitters over the U.S.-China trade war were offset by bargain-hunting investors.
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Peru on Friday suspended a recently issued construction permit for Southern Copper's Tia Maria mine, a project that has triggered violent protests by nearby residents.
Power producer PG&E Corp said on Friday it is evaluating a proposal from hedge funds Knighthead Capital Management and Abrams Capital Management to provide equity capital commitments supporting a plan to reorganize the company.
Japanese casual clothing chain Uniqlo plans to close a store in central Seoul, hurt by South Korean consumer boycotts amid a mounting dispute between the two countries, the Yomiuri newspaper reported on Friday.
A boycott on Japanese goods in South Korea has had an impact on casual clothing chain Uniqlo's sales in the country, the company said on Friday, highlighting the widening economic hit from a diplomatic row over Tokyo's wartime role.
Asian shares caught the tail of a Wall Street rally on Friday, helped by China's better-than-expected export figures but fresh concerns about Sino-U.S. trade ties are likely to limit gains in the region.
The recent escalation in the U.S.-China trade war has brought forward the next U.S. recession, according to a majority of economists polled by Reuters who now expect the Federal Reserve to cut rates again in September and once more next year.