Asian shares steadied on Monday as investors caught their breath following anoth...
SHANGHAI - Asian shares steadied on Monday as investors caught their breath following another week of escalating U.S.-China trade tensions, with sentiment turning brighter after the United States said it would lift tariffs in North America.
Election results also look set to lift markets in India. India’s NSE Stock Futures listed in Singapore rose 2.4% and the rupee strengthened after exit polls showed Indian Prime Minister Narendra Modi is likely to return to power with an even bigger majority in parliament. The U.S. announced on Friday that it would remove tariffs on Canadian steel and aluminum, prompting Canada’s foreign minister to vow the quick ratification of a new North American trade agreement.
Google’s suspension of business with Huawei “signals that even though the trade talks are being characterized as being stalled, when we factor in China saying there is no point U.S. negotiators coming to Beijing in current circumstances as they did Friday, then the chance of a G20 deal seem more remote,” Greg McKenna, strategist at McKenna Macro said in a note to clients.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
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