Monday, 26 August 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Stock market sinks to session low as Trump says there's 'a long way to go' on China trade deal
Tuesday, 16 July 2019 23:39 WIB | MARKET UPDATE | Standard & Poor's 500saham A.S

U.S. stock indexes Tuesday midday were trading near session lows, though only modestly lower, after President Donald Trump described progress toward a China and U.S. tariff pact as "a long way to go" to reporters.

Trump made his comments during a cabinet meeting at the White House, with reporters in attendance. The Dow Jones Industrial Average added to modest losses, and was recently trading down 46 points, or 0.2%, at 27,313, but had been as low as 27,296. The S&P 500 index declined 0.3% at 3,004, near its intraday low at 3,002.55, while the Nasdaq Composite Index was 0.5% lower at 8,217, after touching a session nadir at 8,212.14. All that said, all three benchmarks finished at records on Monday, with expectations growing that the Federal Reserve will ease monetary policy, providing further support for stocks to climb.

However, trade disputes between the U.S. and its international counterparts, notably Beijing, have been at the center of investors' concerns and the chief reason the Fed is said to be considering a pre-emptive rate cut, even though most of the domestic economy remains healthy.

Source: Marketwatch

RELATED NEWS
European Stocks Open Lower Amid Rising US-China Trade Tensions...
Monday, 26 August 2019 14:25 WIB

European stocks opened lower on Monday as investors reacted to the latest escalation in the U.S.-China trade war. The pan-European Stoxx 600 fell about 0.5% during morning deals, with sectors and maj...

Tokyo's Nikkei Closes Down More Than 2% on Trade Fears...
Monday, 26 August 2019 13:30 WIB

Tokyo's benchmark Nikkei index plunged more than two percent on Monday as the yen surged against the dollar on escalating US-China trade tensions. The Nikkei 225 fell 2.17 percent, or 449.87 points, ...

Nikkei Tumbles to 3-Week Low as U.S.-China Trade War Worsens...
Monday, 26 August 2019 10:17 WIB

Japanese shares shed more than 2% on Monday, with China-related firms leading the losses after a fresh escalation in the Sino-U.S. trade war knocked global equities markets. The Nikkei share average ...

Hong Kong Stocks Plunge More Than 3% at Open...
Monday, 26 August 2019 08:49 WIB

Hong Kong stocks dived more than three percent in the first few minutes of business Monday after Donald Trump ramped up his trade row with China, while the city was hit by fresh violent protests over ...

Asia Shares Sink, Bonds Surge as Trade Fears Mount...
Monday, 26 August 2019 07:44 WIB

Asian shares were a sea of red on Monday as the latest salvo in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the safe harbors of sovereign bonds, gold a...

LATEST NEWS
European Stocks Open Lower Amid Rising US-China Trade Tensions

European stocks opened lower on Monday as investors reacted to the latest escalation in the U.S.-China trade war. The pan-European Stoxx 600 fell about 0.5% during morning deals, with sectors and major bourses broadly in the red. U.K. markets are...

Tokyo's Nikkei Closes Down More Than 2% on Trade Fears

Tokyo's benchmark Nikkei index plunged more than two percent on Monday as the yen surged against the dollar on escalating US-China trade tensions. The Nikkei 225 fell 2.17 percent, or 449.87 points, to close at 20,261.04, while the broader Topix...

Gold Prices Gain as Escalating Trade War Sends Traders Fleeing from Equities

Gold prices rose on Monday in Asia as investors seek safe-haven from trade war fears. Gold Futures for December delivery were up 1% at $1,552.90 on the Comex division of the New York Mercantile Exchangem by 1:22 AM ET (05:22 GMT). The gains came...

POPULAR NEWS
Gold Futures Post a Gain For a 4th Week in a Row
Saturday, 24 August 2019 01:21 WIB

Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold...

Gold prices head lower, set to snap weekly streak of gains ahead of Powell speech
Friday, 23 August 2019 19:19 WIB

Gold futures on Friday headed modestly lower ahead of much-awaited speech from Federal Reserve Chairman Jerome Powell near Jackson Hole, Wyo., which...

Oil prices slide 2.1% as US-China trade war escalates
Saturday, 24 August 2019 03:44 WIB

Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a...

US futures point to higher open ahead of Powell's speech
Friday, 23 August 2019 16:00 WIB

U.S. stock index futures were higher Friday morning, as market participants awaited a key speech from the Federal Reserve's top official. At around...