Limited profits for Asia stocks and warning controls investor movements

Asian stocks have recorded limited profits with investors using a “anticipation and monitoring” approach to negotiations on customs duties before taking long -term bets. The Japanese “Nikai 225” index rose 0.8%, while the shares on mainland China continued to fall by 0.4%. Most other markets in the region are closed due to the “Great Friday” holiday. On the other side of the ocean, US shares recorded weekly losses amid disappointment with the statements of Federal Reserve President Jerome Powell, who excluded the bank’s intervention to support markets. US Treasury bonds fell Thursday to reduce their weekly profits, and the dollar dropped for the third week in a row. Traders focus more on the development of bilateral conversations, in an effort to expect customs duties. After describing his discussions with Japan as “great progress”, US President Donald Trump expressed his “great confidence” to reach an agreement with the European Union, without providing any additional details. The discussions with China are still mysterious, after Beijing confirmed on Wednesday that it has several conditions before negotiating with the US administration. Positive discussions said: “Trump did not show a negative attitude towards commercial negotiations with the European Union, and the Japanese-American discussions that concluded yesterday were a positive start, especially as the issue of exchange rates was not included on the agenda.” The yen moved slightly on Friday, after falling in the previous session following the statements of the chief Japanese negotiator that the issue of currencies was not raised during the bilateral meeting, which preceded the fear that Washington could weaken the Japanese currency within its conditions. Although Trump did not disclose the details of the potential agreement with the European Union, he spoke firmly about an upcoming agreement with Ukraine on critical minerals, emphasizing that he would be signed next week. The president also expressed his hesitation over rising customs duties against China and warned that it could hinder trade between the two countries, but at the same time he indicated that Beijing still wanted to end a commercial agreement. However, the US administration has taken new steps to impose fees on Chinese ships anchored in US ports, in a step that threatens to confuse global shipping routes and increase the trade war between the two largest economies in the world. The shares of Asian ship companies recorded an increase in the impact of this news. In Japan, the shares of the three largest ship companies led by Kawasaki Kissen Kaysha jumped, and the shares of HMM and STX -Pan Ocean increased in South Korea. At the local level in Japan, inflation rates in the consumer sector have continued to rise over the past month, strengthening the position of the central bank requesting a gradual approach to raising interest rates. Consumer prices – with the exception of fresh food – rose 3.2% in March compared to last year, which accelerated by 3% in February. In contrast, Powell’s remarks disappointed the US Federal Reserve, Jerome Powell, the hope of the markets Wednesday, after confirming that he would attend to judge the impact of the trade war on inflation, excluding any immediate intervention. Trump replied with a sharp criticism of the federal president on social media platforms on Thursday, saying that “his discharge couldn’t come soon enough, adding that the central bank should have lowered interest rates this year. He later told reporters that he could force Powell to resign if he wants.