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MTS Futures News_PM_20180917

17 Sep 2018

• European stocks were mixed Monday morning, amid renewed fears over an escalating trade war between the world's two largest economies.

The pan-European Stoxx 600 was little changed during early morning deals, with most sectors and major bourses in negative territory.

• Most Asian share markets slid on Monday amid reports Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dropped 1.2 percent, snapping three straight sessions of gains. Shanghai blue chips .CSI300 fell 1.1 percent, while the Hang Seng .HSI shed 1.6 percent.

Liquidity was thin with Japan on holiday and moves in currencies and bonds were minor. Hong Kong markets opened as normal after a super typhoon brushed the city on its way to landfall in China’s Guangdong, the country’s most populous province.

• Shares in Hong Kong finished lower, and China’s main Shanghai Composite index fell to its lowest close in nearly four years on Monday as reports said U.S. President Donald Trump would unveil new tariffs on $200 billion of imported Chinese goods this week.

The Hang Seng index ended 1.3 percent lower at 26,932.85 points, and the China Enterprises index closed down 1.1 percent.

On the mainland, the Shanghai Composite index dropped 1.1 percent to 2,651.79 points, its worst close since Nov. 27, 2014. The blue-chip CSI300 index also declined 1.1 percent, to 3,204.92points.

Reference: Reuters, CNBC

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