Asian stocks rise after Trump's remark about electronics

Asian stocks recorded profits at the beginning of trading, after US President Donald Trump suspended customs duties on a group of consumer electronics, which strengthened morale after a turbulent week in the markets, at a time when the dollar fell against the yen. The shares in the region, together with the futures for US and European equity indicators, increased after Trump’s decision to suspend a few fees on technological products, although he indicated that specific definitions would be announced later. The US Treasury effects opened stable, while gold fell from its standard level. The suspension of fees on commodities ranges from smartphones to laptops – and most of them are made in China – a temporary outlet for markets exhausted by Trump’s fluctuations in trade policy. The fluctuations are still great, as the White House has referred to plans to set up separate fees on technological products, including semiconductor chips, as part of Trump’s efforts to reformulate the global trade rules, which he is not in the interests of the United States. Matthew Houbet, director of the Governor at Wilson Management in Sydney, ignores the noise and loves optimism. A suitability for the current conditions. According to the White House, the release decision released on Friday – which excluded a group of ordinary electronics from the 145% fees on China, and temporarily from a united rate of 10% worldwide – temporarily forming a long -term plan to apply different and specific definitions to the sector. However, according to some analysts, this break in the fees indicates Trump’s willingness to make concessions to reach an agreement. “The markets are thirsty for any optimism, and you will take any opportunity to get relief, especially if a large sector such as electronics is excluded from high fees,” says Fisho Foatan, head of the economy and strategy division at Mizuho Bank. The Asian technology ordering index rose 1.5%, with profits for both Hun Hai Brecen industries, the complex of Apple iPhone phones and “Samsung Electronics”. The US dollar under pressure dropping the dollar at the beginning of Asian trade, as the Bloomberg index for the immediate dollar fell 0.2%, which continued its registered 2.4% drop last week. The minor improvement in the Asian morale came after the “S&B 500” index jumped 1.8% on Friday, after a report said an official in the Federal Reserve said the central bank was ready to intervene to stabilize the markets if needed. However, Treasury effects revenue increased on Friday, and the effects recorded for the 10 -year -old, the largest weekly leap since 2001, with the withdrawal of US assets, which are usually considered a safe haven in times of financial unrest. Asian stocks fell for the third week in a row last week, after Trump quickly raised the rate of the trade war with China, despite the announcement of the postponement of the so -called mutual fees, which would have negatively affected the region. Noted that the central banks in the region are preparing for the consequences of this, the Monetary Authority in Singapore has reduced its policy institutions for the second consecutive time in his last review. China described the decision to freeze as a ‘small step’ to correct ‘mistakes’, and called on Washington to take more steps to cancel the fees. The strategies of “Goldman Sachs” have reduced their targets for the most important Chinese stock indicators for the second time this month, with the escalation of trade tensions. Chinese shares rose on Monday, with the expectation of further motivation of the government and hope for an agreement in the end, about the fear of a new escalation in the trade conflict. Warnings about the aggravation of uncertainty at the end of the week Japan said he did not intend to use its US Treasury effects as a negotiating card to respond to American graphics. Some investors have begun to speculate that global reserve managers, including China, could reconsider their positions in US debt in light of the impact of Trump’s commercial policy. “Unfortunately, the uncertainty about commercial policies is still exacerbating, which creates problems not only for markets, but also for foreign commercial partners who try to close transactions during the next ninety days,” Sarah Baniki, the strategy of Evercore ISI, wrote in a note on Sunday. In the commodity markets, gold has fallen from a record level, and oil has stabilized above its lowest level in four years, with traders assessing the latest US movements.