• MTS Futures News_PM_20190923

    23 Sep 2019 | SET News
 
 Most Asian share markets slipped on Monday as investors waited for more clarity on the Sino-U.S. trade talks after recent negotiations, while oil gained more than 1% as Middle East tensions remained elevated.

Analysts said investor sentiment was fragile with civil unrest in Hong Kong, tensions in the Middle East and worries over whether the United States and China would sign a trade deal soon. Moves were further exaggerated by low volumes as Japanese markets were shut for a public holiday.

That left MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.3% at 509.94 points. It is still up more than 3% so far in September.

· China stock markets declined Monday after a Chinese delegation reportedly canceled a scheduled visit to US farms, fueling pessimism about the prospect of a trade truce between the world's two largest economies.

China's Shanghai Composite Index (SHCOMP) fell 1.4%. Hong Kong's Hang Seng Index (HSI) dropped 0.9%.

A Chinese trade delegation abruptly canceled a visit on Friday to US farms in Montana, cutting short their US trip, according to Reuters. The trip was to prepare for further negotiations between senior officials next month.

A Chinese trade delegation abruptly canceled a visit on Friday to US farms in Montana, cutting short their US trip, according to Reuters. The trip was to prepare for further negotiations between senior officials next month.

Investors had earlier expected a potential cooling of US-China trade tensions as the two sides gear up for talks. But the sudden change in the trip dampened investor hopes for a breakthrough in the negotiations.

Earlier in the day, President Donald Trump had said the United States was looking for a "complete deal" with China and not a partial one.

The news sent US stocks into negative territory on Friday.

· European shares were lower Monday morning, as investors reacted to the collapse of one of the world’s most well-known tour operators.

The pan-European Stoxx 600 was down around 0.7% shortly after the opening bell, with most sectors and major bourses in negative territory.

Thomas Cook has ceased trading after talks failed to produce a funding lifeline for the ailing travel company, placing 9,000 British jobs at risk and triggering a huge repatriation effort to bring home 150,000 UK holidaymakers overseas.

The government and the CAA have now triggered the UK’s largest ever peacetime repatriation – codenamed Operation Matterhorn – to bring holidaymakers home.


Reference: Reuters, CNBC,The Guardian

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