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Trading Ideas

China anxiety hits Asia stocks as Sino-U.S. trade war looms

SHANGHAI/TOKYO (Reuters) – Faltering Chinese markets dented Asian stocks on Friday morning, as the time neared when Washington would impose tariffs on Chinese imports, a move many investors fear would trigger a full-scale trade war between the world’s two largest economies. The U.S. tariffs are due to take effect at 0401 GMT. “China will surely take retaliatory steps, to which U.S. President Donald Trump has threatened more tariffs. …read more […]

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Business News

Asian stocks on edge hours before tariff deadline

SHANGHAI (Reuters) – Asian share markets were set for a bumpy ride on Friday just hours ahead of a U.S. deadline to impose tariffs on Chinese imports, which has rattled financial markets in recent weeks as investors feared it could trigger a full-blown global trade war.

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Business News

Samsung Electronics says second quarter profit likely grew 5.2 percent, slowest pace in over 12 months

SEOUL (Reuters) – South Korean tech giant Samsung Electronics Co Ltd estimated on Friday earnings would grow at the slowest pace in more than a year in the second quarter, as analysts said weak smartphone sales likely offset record high chip earnings.

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