Asia shares rise on prospect of softer Trump tariffs
SINGAPORE - Asia shares rose on Tuesday, tracking Wall Street's positive lead and as some investors hoped incoming U.S. President-elect Donald Trump could adopt a less aggressive tariff stance than promised when he takes office.
"No one really knows for sure what kind of tariffs or trade policies the Trump administration will implement," said Khoon Goh, head of Asia research at ANZ. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.16% in the early Asian session, while Japan's Nikkei jumped 2%, boosted by a rally in technology stocks.
In China, the CSI300 index reversed early losses to last trade 0.12% higher, while the Shanghai Composite Index fell 0.09%.China's main stock exchanges asked some large mutual funds to restrict stock selling at the start of the year, three sources familiar with the matter said, as authorities sought to calm markets heading into a tricky period for the world's second-largest economy.
The prospect of a less aggressive Fed easing cycle this year has in turn kept U.S. Treasury yields supported, with the benchmark 10-year yield last at 4.6219%, after rising to its highest since May in the previous session.Elsewhere, the dollar notched a fresh six-month high against the Japanese yen at 158.425.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Asia shares rise, dollar supported by elevated bond yieldsChina's stocks extended gains on the back of news of more support from Beijing for economic recovery
مزید پڑھ »
Trump threatens tariffs if EU doesn't buy more oil, gasUS president-elect Donald Trump on Friday threatened the European Union with tariffs if the bloc does not reduce its 'tremendous' trade gap with Washington through oil and gas purchases.
مزید پڑھ »
Trump touts tariffs, mass deportations and NATO skepticism in TV interviewDonald Trump doubled down Sunday on hard-line campaign pledges to impose trade tariffs and carry out mass deportations while dangling the idea that the United States could withdraw from NATO.
مزید پڑھ »
Trump says he can't guarantee tariffs won't raise US prices and won't rule out revenge prosecutionsTrump says he can’t guarantee tariffs won’t raise US prices and won’t rule out revenge prosecutions
مزید پڑھ »
Trudeau says Americans are realizing Trump's tariffs on Canada would make life a lot more expensiveTrudeau says Americans are realizing Trump’s tariffs on Canada would make life a lot more expensive
مزید پڑھ »
Canadian province threatens to cut energy exports to US over tariffsCanada's largest province would be prepared to cut off energy exports to the US if President-elect Donald Trump imposes his promised tariffs on Canadian goods, Ontario's premier said Wednesday.
مزید پڑھ »