Hong Kong – The shares were mixed in Asia on Friday when investors set their hopes in weekend commercial talks Between China and the United States
The US futures and oil prices recorded modest profits.
China reported that its Exports rise At an annual rate of 8.1% faster than expected in April, below 12.4% the previous month. However, exports to the United States fell more than 20%, as the high rate increases in President Donald Trump’s rates came into force.
Hang Seng of Hong Kong fell 0.1% to 22,777.82, while the Shanghai compound index lost 0.3% to 3,343.38.
The main commercial officials of the United States and China will meet on Saturday in Geneva, Switzerland.
When asked on Thursday if he would consider reducing tariffs on Chinese imports if this weekend conversations are going well, Trump said: “It could be. Let’s see. At this time, you can’t increase more. It is 145%. So we know it is decreasing.” He also said he hopes that conversations in Switzerland are “noun.”
Nikkei 225 of Tokyo increased 1.5% to 37,493.65, while the Kospi in Seoul did not change to 2,578.64.
AustraliaANDP/ASX 200 added 0.4% to 8,228.10.
Taiwan’s Taiex increased 1.7%.
US actions increased on Thursday after the United States and the United Kingdom announced a Treatment in trade That would reduce some tariffs between the two countries, the first of what Wall Street expects will be enough agreements to prevent a recession from hitting the economy.
The sANDP 500 rose 0.6% to 5,663.94 for its eleventh gain in the last 13 days. The Dow Jones industrial average added 0.6% to 41,368.45, and the Nasdaq compound increased 1.1% to 17,928.14.
Trump praised what he called a “maximum trade agreement” with the United Kingdom, which will maintain 10% of tariffs in the United Kingdom products, but lower taxes in the United Kingdom cars in exchange for greater access in the United Kingdom market for beef, ethanol and other products.
In addition to the hopes of agreements in trade, the solid profit reports of American companies have also helped boost the SANDP 500 A within 7.8% of its maximum of all time in February after almost 20% below the brand fell a month ago.
Axon Enterprise, the company that sells tasers, body cameras and other public security equipment, increased by 14.1% after joining the list. It benefited from the strong growth of its software and services, and increased its prognosis for income throughout the year.
Tapestry increased 3.7% after the company behind coach and Kate Spade brands also reported better profits and income than expected. He accredited new younger customers in North America, among other things.
However, Molson Coors described a different landscape when he launched its latest quarterly results, which do not reach the expectations of analysts. Their shares fell 4.5%.
Krispy Kreme fell 24.7% after withdrawing his forecasts for the whole year. Donas’s seller said he made the movement partly due to “macroeconomic softness” and because he is stopping the launch of the sales of his donuts in more McDonald’s restaurants.
The American economy has remained well until now, with the Federal Reserve saying Wednesday which still seems to be working at a solid speed under the surface. But pessimism has been abruptly granted among American homes due to tariffs, and fear is that all the uncertainty created by them could be sufficient to force the economy to a recession.
A couple of reports on the economy on Thursday arrived mixed. One said slightly Less American workers requested unemployment Benefits last week. But another said that productivity for US workers slowed more than economists expected at the beginning of the year.
In other treatment on early Friday, the crude oil of the United States won 26 cents at $ 60.17 per barrel in electronic commerce in the New York commercial exchange.
Brent Crude, the international standard, added 29 cents to $ 63.13 per barrel.
The US dollar fell to 145.66 Japanese yen of 145.91 yen. The euro increased to $ 1,1228 from $ 1,1220.
