Asian Stocks Rose Amid US Tariff Delays
Publish Date : 2019/08/14 - 08:27

Most Asian and Pacific equity markets are in good shape as trading losses declined on Wednesday , with the region’s plentiful Apple components suppliers doing especially well on news that cellphones will be among products on which US
tariff application will be delayed.

Bloomberg: Chinese officials and their US counterparts will meet next month, though there is little optimism about the outcome of the talks.

Apple shares gave Asian suppliers a lot of interest on Tuesday.

Taiyo Yuden's shares rose sharply, while LG's and Pegatron Taiwan's shares also had a gain. Sunny Optical's shares in Hong Kong rose about 9%.

The Nikkei225 index also increased by 0.9%, Shanghai Composite by 0.7%, Hangseng by 0.4% and Kospi by 0.7%.

The Nikkei225 remained under obvious pressure but has bounced at the 100% retracement point of its rise from June up to the peaks of late July.

The indicator now appears to have emerging technical support at 76.4% retracement level.

In Sydney the ASX200 failed to maintain its early interest and remained stable.

source:Dailyfx

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