U.S.-China strains over Hong Kong and minority rights hinder chance of trade deal
Tuesday, 8 October 2019 Prospects for progress in U.S.-China trade talks dimmed on Monday after Washington blacklisted Chinese companies over Beijing's treatment of predominantly Muslim ethnic minorities, and President Donald Trump said a quick trade deal was unlikely.
The last few weeks have sported a heavy dose of back-and-forth on trade relations between the U.S. and China. Wednesday, stocks are moving higher on a positive trade-related development. Here's a recap from the last few weeks and where the two largest economies in the world stand now: Several weeks...
Equity benchmark indices traded lower during early hours on September 22 while Asian markets opened weak after the sharp pullback overnight in US stocks. At 10:15 am, the BSE S-P Sensex was down by 301 points or 0.79 per cent at 37,733 while the Nifty 50 moved lower by 66 points or 0.59 per cent at 11,184. All sectoral indices at the National Stock Exchange were in the negative terrain with Nifty realty dipping by 4.6 per cent, PSU bank by 3.2 per cent, metal by 2.9 per cent and auto by 2.3 per cent. Among stocks, energy major GAIL was the top loser after sliding 4.9 per cent to Rs 83.85 per share. Adani Ports fell by 4.5 per cent and Tata Motors by 4 per cent. Tata Steel, Hindalco, ONGC, Bajaj Finance, Zee Entertainment and Bharti Infratel too traded lower by over 3 per cent. However, Tata Consultancy Services and ICICI Bank were in the green with thin margins. Meanwhile, Asian markets opened weak even after the sharp pullback overnight in US stocks. Investor sentiment took a hit with possible delays in expanded US stimulus. The undertone remained cautious as Europe sees some countries lockdown for the second time as COVID-19 cases jump which could hurt economic activity. Hong Kong shares of HSBC and Standard Chartered fell more than 2 per cent each as global banking stocks remained under intense pressure on reports about financial institutions allegedly moving illicit funds. MSCI's broadest index of Asia Pacific shares outside Japan was down by 0.5 per cent. Hong Kong's Hang Seng index was down by 0.5 per cent while Japanese markets were closed for a public holiday.
US President Donald Trump teased his Supreme Court pick ahead of a plannednews conference on Saturday to announce his nomination. "We're going to benaming the nominee who hopefully will be on that court for 50 years," he said."The only thing I can tell you for sure is it will be a woman." Mr Trump alsocriticised the Democrats during a campaign rally on Friday at the NewportNews/Williamsburg International Airport in Virginia.
Credit: PA - Press Association STUDIO Duration: 01:24Published
The United States appears to be getting on China's very last nerve. That is, if the remarks made by China's Ambassador to the United Nations on Thursday truly reflects Beijing's sentiments. According to CNN, at a tense meeting of the UN Security Council, Zhang Jun said Thursday that the US has 'created enough troubles for the world already.' Zhang Jun's comments was a retort to US Representative to the UN Kelly Craft, who accused China of hiding the virus's origin and minimizing its danger.
A protest was organised against China outside the United Nations office in Geneva, Switzerland. The 3-day long demonstration, consisting of a photo exhibition, was organised by a group called the World Uyghur Congress. It was titled 'Made In China = Uyghur Forced Labour'. The protestors accused the Chinese government of forcing the Uyghurs, a Muslim minority group in the country's northwest Xinjiang province, into forced labour and even attempting a genocide. Beijing has allegedly been trying to stamp out the community's religious and cultural identity in order to assimilate it more fully into the majority Han Chinese community. Dolkun Isa, president of the World Uyghur Congress, sought international pressure on China to stop the Uyghurs' persecution and boycott by international companies to prevent forced labour. Watch the full video for more.
Credit: HT Digital Content Duration: 02:14Published
The symbol of communal harmony between different sects is still alive in South Kashmir's Mattan village. In the three localities of Seer Hamdan, Srigufwara, and Mattan village of Anantnag district, brotherhood among Hindus, Muslims, and Sikhs is intact even now. Mattan is one of the famous villages of Anantnag that depicts the age old and rich cultural past of Kashmir in the shape of brotherhood among locals. Before the 90s, a large population of Pandits and Sikh communities were living with Muslims and the village was a unique example of brotherhood and a symbol of communal harmony for many. However, in the 90s, a number of Pandit families left the Valley and migrated to Jammu and other places of the country due to the insurgency.
NEW YORK (Reuters) - U.S. stocks fell on Thursday, with the S&P 500 pulling back from its latest record high as conflicting signals surrounding a possible trade deal between the United States and China..
European shares reversed course to trade lower on Thursday after China said it doubts a long-term trade deal is possible with the United States, tempering gains that came earlier in the day after the..