Asian Markets Mixed Amid Fresh Brexit Uncertainties

This post was originally published on this site
© Reuters. © Reuters. – Asian markets were mixed in morning trade on Monday amid fresh uncertainties over Brexit.

The and the both slipped 0.1% by 10:30 PM ET (02:30 GMT).

The National Bureau of Statistics data showed Monday that China’s new-home prices rose 0.53% in September from August in 70 major cities. Meanwhile, Beijing unexpectedly kept its one-year Loan Prime Rate (LPR) unchanged at 4.2%. The five-year LPR was fixed at 4.85%, also unchanged from September.

Hong Kong’s climbed 0.2%.

The also gained 0.2%. Japan’s exports in September fell 5.2% year-on-year, Ministry of Finance data showed on Monday, dragged down by car parts and semiconductor production equipment.

South Korea’s inched up 0.1%. Data from the Korea Customs Service showed that the country’s exports in the first 20 days of October were down 20% from a year earlier.

In the U.K., politicians failed to deliver the Brexit vote that had been promised at the weekend. The country’s prime minister, Boris Johnson, is now legally bound to ask the EU for another extension to negotiations.

On the Sino-U.S. trade front, China’s Vice Premier Liu He confirm that Beijing and Washington “have made substantial progress in many aspects” and that they have “laid an important foundation for a phase one agreement.”

He reiterated that China is “willing to work in concert with the U.S. to address each other’s core concerns on the basis of equality and mutual respect.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment