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On May 15, the article stated that the conclusion of the joint statement laid the foundation for subsequent communication and negotiations between China and the United States, but many details still need further consultation. It should be noted that structural contradictions and deep-seated differences between China and the United States still exist, and it is impossible to solve these problems overnight. For the direction of Sino-US economic and trade relations in the future, we should maintain rational expectations. Both sides need to maintain the current momentum of dialogue, manage differences, accumulate consensus, and strengthen trust in equal consultation. At present, whether from the perspective of optimizing the allocation of resource elements, better adapting to the transformation of development mode brought about by the continuous emergence of innovative technologies, or from the perspective of creating a stable global development environment, China and the United States need to develop in a coordinated manner. On the one hand, we should give full play to the role of the Sino-US economic and trade consultation mechanism, conduct continuous and in-depth communication on issues of concern to both sides, and promptly resolve possible contradictions and differences; on the other hand, we should actively promote the liberalization and facilitation of bilateral trade and investment, further expand market opening, and create a more fair, transparent and predictable business environment for enterprises in both countries. Focusing on common interests, the list of Sino-US cooperation can be longer and the cake of cooperation can be bigger.According to NBC News: Iran is ready to sign a conditional agreement.May 15th news, recently learned from a supply chain company that Apples shipment target guidance to suppliers is to launch the first foldable screen mobile phone in the second half of 2026, which is a large foldable screen iPhone. It is expected that after Apple completes the selection of foldable screen iPhone suppliers, it will enter the NPI (new product introduction) process. Industry insiders believe that as Apple enters the foldable screen mobile phone track, it may bring about rapid growth in shipments, and will also drive other brands to increase resource investment, and foldable screen mobile phone industry chain companies are expected to benefit.Feds Daly: Given the uncertainty, any guidance from the market on policy will be speculative and potentially wrong.Feds Daly: Market sentiment has been hit, but it has not yet been reflected in a sharp decline in overall spending by consumers and businesses. Uncertainty has not suppressed economic activity, but if uncertainty persists, it may have an impact on the economy.

Asia-Pacific Shares Mixed; Jump in Oil Prices Drive Energy Shares Higher in Japan

Jimmy Khan

Sep 05, 2022 17:44

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On Monday, investors responded to an intensification in the European energy crisis, a rise in crude oil prices, and a dramatic increase in the value of the US dollar by trading in the main Asia-Pacific stock markets in a mixed manner. The Shanghai Index in China and the S&P/ASX 200 Index in Australia had the best performances. The Hang Seng Index in Hong Kong is down more than 1%.

China Stock COVID Restrictions Put Pressure on Yuan Weakness

Consumer goods led the decline in China's blue-chip stocks on Monday as COVID-19 restrictions tightened in several major cities and foreign investors sold their holdings as the Yuan fell to a more than two-year low.


The benchmark Shanghai Index is up 13.43 or +0.42% at 3199.91 as of 07:29 GMT.


The southwestern city of Chengdu declared an expansion of shutdown limitations, while China's southern tech capital of Shenzhen stated it would implement tier-based anti-virus restriction measures beginning on Monday.


As a result of the recently enacted COVID limitations and the broad dollar strength on the global market, the Chinese Yuan hit a fresh, more than two-year low versus the U.S. dollar. This action led foreign investors to sell Chinese shares worth more than 6.5 billion Yuan ($940 million) via the stock link program.


According to recent COVID-19 flare-ups, China's services sector's robust recovery slowed down a little in August, although business optimism reached a nine-month high, according to a private study.


Consumer staples fell 2.1%, while the European energy issue helped Chinese energy shares rise 4.7%, with coal miners up 5%.


Hong Kong technology stock prices declined, with Meituan, Tencent, and Alibaba leading the way with declines between 2% and 3.1%.

Wall Street Weakness Drags Down Japanese Stocks

In line with Wall Street's poor performance last week, the Nikkei share average in Japan declined for a fourth consecutive session on Monday. This decline coincided with the lack of market-moving indications brought on by a U.S. banking holiday.


The Nikkei 225 Index of Japan closed at 27619.61, down 31.23 points or 0.11%. In contrast to the 1.13 billion average for the previous 30 days, 0.85 billion shares were traded on the main board of the Tokyo Stock Exchange.


Refiners and explorers both saw increases in their share prices of energy companies as oil prices jumped above $2.00 per barrel.


Australian Shares Gain as Investors Wait for the Next RBA Rate Hike as Higher Commodity Prices

As investors awaited the central bank's interest rate decision in the face of intensifying inflationary pressures, Australian shares ended the day higher as the resource-dependent market was supported by higher oil and metal prices.

Closed at 6852.20, up 23.50 or +0.34%, the S&P/ASX 200 Index.

Miners increased 2.1% and were the biggest gainers on the local exchange in sector and stock-related news as iron ore prices recovered. BHP Group and Rio Tinto, two market leaders, saw gains of 3.2% and 1.8%, respectively.

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