Tue, November 29, 2022

Stocks and Negotiations

Stocks and trade war

Concerns regarding the future of trade talks continue to dominate the stock markets around the world. On Monday, the media reported that Beijing was pessimistic about the possible trade deal with the U.S. This news had a negative impact on the stocks.

It is not surprising that investors are cautious due to the lack of clarity. During the weekend, Chinese state media reported that U.S. and Chinese representatives had a “constructive” trade talks. However, uncertainty is harmful to the stock markets.

On Tuesday, stocks in Asia were mixed due to concerns about the trade negotiations. The Nikkei 225 declined by 0.53% and is close to 23,292.65. This happened as the shares of index heavyweight, which is the robot maker Fanuc fell by 1.49%.

Another major Japanese index, which is the Topix, is also struggling as its index declined by 0.23%. Topix finished the trading day at 1,696.73.

In South Korea, the Kospi index dropped 0.34% to 2,153.24.

Let’s have a look at the mainland Chinese stocks. The Shenzhen component increased by 1.8% to 9,889.75. The Shenzhen composite added 1.831% to about 1,646.80.

Meanwhile, the Shanghai composite rose by 0.85% to around 2,933.99.

In Hong Kong, the Hang Seng index increased by 1.38% during the final hour of trading. The company which owns the Hong Kong Stock Exchange strengthened its position on Tuesday. The shares of Hong Kong Exchanges and Clearing increased by more than 2%.

European stocks on TuesdayEuropean stock markets

The pan-European STOXX 600 index increased by 0.5% in the morning. As a result, it reached the best result since July 2015. However, it was unable to retain its position, and the index declined in several hours.

It is important to mention that STOXX 600 is close to reaching its all-time highs, which dates back to April 2015. This index is only 2% away from either repeating or surpassing this achievement.

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