Sunday, 22 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dow sheds 130 points at the open as China says its readying $75 billion counter-tariffs on U.S. goods

The Dow average on Friday headed lower at the open along with the rest of the major indexes after a report surfaced indicating that China was ready to take retaliatory measures in its lasting tariff conflict with the U.S.

A report from the Chinese ministry indicated that it was preparing to raise tariffs in two batches on $75 billion in U.S. imports on Sept. 1 and Dec. 15, which would coincide with the dates that the U.S. is slated to increase import duties on some $300 billion Beijing goods.

The Dow was down 130 points, or 0.5%, at 26,118, the S&P 500 index declined 0.4% at 2,912, while the technology-heavy Nasdaq Composite Index, which tends to be sensitive to tariff tensions, was down 0.6% at 7,947.

Before the opening bell, stock-index futures were trading firmly higher ahead of the report on the back of comments from St. Louis Federal President James Bullard who said "insurance" rate cuts were needed to combat weakening growth outside of the U.S. The market is awaiting a highly anticipated speech from Jerome Powell on the monetary policy in Jackson Hole, Wyo., set for 10 a.m. Eastern Time. In its statement, China wrote that "US measures have led to the continuous escalation of Sino-US economic and trade frictions, which have greatly harmed the interests of China, the United States and other countries, and have also seriously threatened the multilateral trading system and the principle of free trade."

Source : MarketWatch

RELATED NEWS
Hong Kong Stocks Close Down...
Saturday, 21 September 2019 03:33 WIB

Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 3...

Wall Street Falls as Trade Optimism Fizzles...
Saturday, 21 September 2019 03:27 WIB

Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks. The Dow Jones Industrial Average f...

Retailers, Defensives Lead European Shares Higher...
Friday, 20 September 2019 23:51 WIB

European shares were set for their fifth straight week of gains on Friday, led by defensive and retail stocks, but gains were limited as investors remained cautious about a wider economic slowdown and...

Wall Street Gains On Stimulus Cues, U.S.-China Trade Progress...
Friday, 20 September 2019 23:38 WIB

U.S. stocks ticked higher on Friday, as cues of easing monetary policy around the globe and signs of further co-operation on Sino-U.S. trade talks kept the S&P 500 within 1% of a record high. Chi...

Saham AS dibuka lebih tinggi, Dow dan S&P 500 mendekati rekor tertinggi...
Friday, 20 September 2019 20:45 WIB

Saham AS dibuka lebih tinggi pada Jumat ini, mendorong ekuitas kunci lebih dekat ke level tertinggi sepanjang masa, karena investor terdorong pada pembicaraan perdagangan AS-China. Indeks S&P 500...

LATEST NEWS
Hong Kong Stocks Close Down

Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 33.28 points, to 26,435.67. The benchmark...

Wall Street Falls as Trade Optimism Fizzles

Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks. The Dow Jones Industrial Average fell 160.19 points, or 0.59%, to 26,934.6, the...

U.S. Oil Prices Up 6% For The Week, Biggest Weekly Gain in 3 Months

Oil futures ended lower on Friday, but tallied a gain of almost 6% for the week, the largest such rise in three months. As the Saudis reveal the extent of damages from the attacks on oil facilities last weekend, "the market mood has shifted to...

POPULAR NEWS
Gold Marks First Loss in 4 Sessions
Friday, 20 September 2019 01:13 WIB

Gold futures settled with a loss on Thursday, their first in four sessions, a day after the Federal Reserve announced a widely expected cut in...

Hong Kong Stocks End With Fresh Losses
Friday, 20 September 2019 03:36 WIB

Hong Kong stocks fell for a fourth day in a row Thursday after the Federal Reserve cut interest rates but investors were left guessing about the...

Gold Stands Tall Above $1,500 After Fed as Palladium Hits Record
Friday, 20 September 2019 16:00 WIB

Gold headed for the first weekly advance in four as mounting economic headwinds and monetary easing stayed in focus after this week's mixed...

Gold loses ground after Fed delivers 'hawkish cut' to interest rates
Thursday, 19 September 2019 19:35 WIB

Gold was modestly lower Thursday, building on a loss seen a day earlier after the Federal Reserve delivered a widely expected interest rate cut but...