Asian shares mixed after China eases trade tensions
|CTVnews 12 Sep 2019 at 01:39|
Investors drew encouragement from China s decision to exempt some U.S. products from a recent round of tariffs. Tokyo, Shanghai and Sydney advanced while Hong Kong slipped.
Stocks notched broad gains on Wall Street Wednesday, with technology, health care and communication services stocks powering much of the rally.
Tokyo s Nikkei 225 index gained 1.1% to 21,825.12 while the Shanghai Composite index picked up 0.2% to 3,014.80. The S&P ASX 200 also rose 0.2%, to 6,651.40. Hong Kong s Hang Seng index slipped 0.2% to 27,118.69. Shares also fell in Singapore and Jakarta but rose in Taiwan and Bangkok.
In New York, the benchmark S&P 500 index, which had been essentially flat since Friday, is on track for its third straight weekly gain.
Wednesday s push into technology companies marked a reversal from the first couple of days of the week, when traders bid up energy, financials and other sectors that had sold off in recent weeks. The tech sector is particularly sensitive to fallout from the trade war between Washington and Beijing because many big companies, such as Apple, manufacture products in China.