Market Pulse - Asia
Asia report: Most markets lower on Trump's tariff surprise
Markets in Asia finished mostly in the red on Friday, as a surprise tariff announcement from the White House overnight saw trade tensions between Washington and Beijing rise once again.
Trump announces fresh round of tariffs on $300bn-worth of Chinese goods
US President Donald Trump announced on Thursday that he will impose a 10% tariff on another $300bn (£247bn) of Chinese goods, in a sharp escalation of a trade war between the two countries.
Commodities: Futures reel after US President extends tariffs to almost all Chinese exports
Commodity prices were lower almost across the board on Thursday, after the US central bank decided overnight to push back on expectations for interest rate cuts extending out into 2020 and the US President announced the decision to impose tariffs on almost all the remaining Chinese imports to the US not yet covered by trade levies.
GM Q2 earnings beat expectations on strong pickup in truck sales
General Motors' second quarter results beat analysts' expectations on Thursday, as a pick-up in truck sales offset weakness in China.
China and US to resume trade talks in September
US and Chinese trade negotiators are set to resume the talks in early September even after the latest round of negotiations in Shanghai ended with little progress.
Asia report: Markets mostly lower as China, Korea data comes in weak
Most markets in Asia finished in the red on Thursday, as official export numbers in South Korea declined and fresh unofficial data out of China showed a contraction in factory activity there.
Trump's ex-economic adviser warns tariffs 'backfiring' on US economy
Donald Trump’s ex-economic advisor Gary Cohn said on Wednesday that the trade war and the tariffs were backfiring and impacting on the US economy.