Most Asian stocks rise despite the fear of burning the trade war

Most Asian stocks have risen, while traders have tried to deal with the effects of the trade war between the United States and China, as well as the results of the profits of major technology companies in Wall Street. On the other hand, Chinese shares withdrew. Hong Kong shares have decreased, while the shares in Australia and Japan have achieved profits. US stock futures have also dropped to the shares of Alphabet, the owner of “Google”, and the “Advanced Micro Devices Inc” in the market to the market. At the same time, US treasury effects have increased. The first strikes in the latest round of trade war between the United States and China showed that Chinese President Xi Jinping is following a more cautious approach compared to Donald Trump’s first term. The high response to Beijing is seen on the US tariff of 10% as a calculated response aimed at avoiding a comprehensive confrontation, while some investors fear that poor industrial activity data and the low value of the Yuan Chinese stocks can print. China continued to support the yuan by setting the daily exchange rate price at a level stronger than 7.2 per dollar, in light of the increase in pressure on the currency due to the trade war with the United States. Also read: China punishes US gas. How does it affect the energy card? Goldman Sachs expected MSCI China (MSCI China) to rise by 14% by the end of the year, with Beijing launching the expected economic stimulus package, according to the primary scenario. After Trump and Mexico gave an exemption in the last moments, the customs tariffs imposed by China came into effect after midnight time Washington. Tuesday. In seconds, Beijing announced additional customs duties on about 80 products to come into effect on February 10, and it opened an investigation to combat monopoly against Google, highlighting the restrictions on important metal exports, and contains two US companies in its black list of unreliable entities. Shi, and he will talk to the Chinese president in time. In the commodity markets, oil prices have fallen amid fear that the trade war will affect world growth, overwhelming the impact of the announcement of strengthening the sanctions on Iran. Regarding US stock indicators, it had earlier recovered to a wave of investors when it declined, as the ‘seven large’ index rose by 1.7%.