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Asia stocks flat as trade concern linger, Europe to open higher By Reuters



© Reuters. FILE PHOTO: A person is pictured on an electronic board showing a graph of recent changes of TOPIX outside the brokerage in Tokyo

By Tomo Uetake and Noah Sin

TOKYO / HONG KONG (Reuters) – Stocks Asian markets such as Friday, concern among investors that the US-China trade has become much more extended, and others expect that the two largest economies of the world will reach a settlement very much immediately.

In early trade, futures for regional and German gains 0.4%, and London's futures dropped by 0.3%.

In Asia, the largest index of MSCI of Asia-Pacific shares outside of Japan returned to the flat trade after entering four months earlier. The index is still on track for a third straight weekly loss, down 0.8% today in the week.

Chinese equities firmed as some investors have taken advantage of cheap share prices. It earned 0.1

% and the blue-chip CSI 300 climbed 0.4% in the afternoon trade. Hong Kong added 0.3%.

Japan's average is less than 0.3%.

Wall Street, falling 1.1%, lost 1.2% and dropped by 1.6%, while entrepreneurs throw cyclical names into fears that the growing US -China trade war is stymie global- economic development.

US President Donald Trump said on Thursday that Washington's complaints against Huawei Technologies could be resolved in the framework of a US-China trade deal, while calling the Chinese telecom giant "extremely dangerous."

Jasper Lawler, head of research at London Capital Group, said "the fact that Trump's talk about trade agreements offers little hope in markets."

"Entrepreneurs are focusing on the damage to the global economy that can cause a long period of trade war, bad news carefully lifts the sentiment," he wrote in a note on Friday, saying the expected more high open in Europe.

Washington last week effectively banned US firms from doing business with Huawei, the world's largest networking gear maker, security concerns.

The US Commerce Department said Thursday it would propose a new rule to impose anti-subsidy duties on products from countries that do not spend their money, at

China's Commerce Ministry returned on Thursday, with its spokesperson saying "if the United States wants business ventures to continue, they should show loyalty and correct their misconduct."

Masanari Takada, a cross-asset strategist at Nomura Securities in Tokyo, said the US-China trade conflict said "the global investor has not been totally impressed, so no panic selling is likely to remain weak. "

In the flight-to-safety game dominated the global market, the benchmark hit 2.292%, the lowest level since mid-October 2017, with major components of the inverted yield curve. The yield lasts at 2.3237%.

Chotaro Morita, chief fixed strategist at SMBC Nikko Securities, said that the big falls shown in a fresh US manufacturing survey appear to reflect the expectations of a breakdown in US-China trade negotiations. [19659004"SahulingilangtaonangPMIaymaynapakaliitnaagwatnamaymatitigasnadatatuladngpang-industriyangoutputKayakungtapatnaangorasnaitomakikitanatinangproduksyonngpabrikanabumababasamganegatibongantas(kumparasaisangtaonnaangnakararaan)"DahilsapandaigdigangkrisissapananalapiangoutputngUSaybumagsakngisangbeseslamang:mula2015hanggangmaagang2016kapagangindustriyangshaleaymasyadonaanghitAngmgamerkadoaymaaaringmagsimulangmabigatsaisangpandaigdigangpaghinangnagawanilanoongnakaraangtaon"

This, which measures its value against six major currencies, fell to 98.371 on Thursday, the US. This is the last mentioned 97.847, little changed on the day .

The euro on Thursday fell to levels that were last seen in May 2017 as a recovery in business activity in the euro zone is weaker than expected. Early Friday, the currency is flat in the day at $ 1.1181.

Sterling will weaken again on Thursday as pressure mounted on the British Prime Minister There in May to name a date for his departure after a backlash in his last canal plans for Britain's exit the European Union.

The pound last traded at $ 1.2663, little changed in the day. Sterling suffered the 14th consecutive day of losses against the euro on Thursday, the longest losing record. It stands at 0.8829 pounds in the euro.

Other major currencies are quite calm. In dollar goods, oil prices fell on Thursday as trade tensions dampened the demand perspective, with critical benchmarks posting their biggest daily fall in six months.

Oil prices stabilized on Friday amid OPEC supply cuts and tensions in the Middle East.

last seen at $ 58.58 a barrel, up 1.16%, after a 5.7% decrease on Thursday that it took at least two months. Futures rose 1.18% to $ 68.56 per barrel, after falling 4.6% in the previous session.


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