The Nikkei 225 Future is trading at 21,730.00 with a loss of -0.32% percent or -70.00 point . The NSE Nifty Future is trading at 10,792.50 up with +0.38% percent or +40.80 point. The Hang Seng Future is trading at 28,196.00 with a loss of 0.00% percent or -1.00 point.
TODAY’S FACTORS AND EVENTS
Asia’s main stock benchmarks finished higher Friday, but still mostly logged big losses for the week, as analysts viewed the much-anticipated trade war between the U.S. and China as finally underway.
The Trump administration officially imposed tariffs on $34 billion of Chinese imports at midnight Eastern Time, and Beijing reportedly had implemented tariffs on some American goods, after earlier looking set to levy duties on the same value of U.S. goods exports.
“Equities in Asia are trading in a sea of green, taking Donald Trump’s trade tariffs against China in their stride,” said Konstantinos Anthis, head of research at ADS Securities, in a note
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,356.74 up with +0.75% percent or +181.92 point. The S&P 500 is trading at 2,736.61 up with +0.86% percent or +23.39 point. The Nasdaq Composite is trading at 7,586.43 up with +1.12%percent or +83.75 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,788.14 up with +1.12% percent or +241.15 point. Hong Kong’s Hang Seng is trading at 28,324.14 up with +0.50% percent or 142.05 point. China’s Shanghai Composite is trading at 2,747.23 up with +0.49% percent or +13.35 point. India’s BSE Sensex is trading at 35,744.68 up with +0.47% percent or +167.51 point at 12:15 PM.