Dow surges about 185 points as latest US-China trade barbs are not as bad as feared
China announced tariffs targeting $60 billion worth in U.S. products after the United States slapped tariffs on $200 billion worth in Chinese goods.
However, China also said it will put a 10 percent tariff on some goods it had previously earmarked for a 20 percent levy.
"The market is thinking this wasn't the worst-case scenario," says Daniel Deming, managing director at KKM Financial. "That's why you're seeing this pseudo-rally taking place."
Dow.......26247 +184.8 +0.71%
Nasdaq...7956 +60.3 +0.76%
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(Core Commodity CRB)
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(Dow Jones US Coal Index)
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(5-yr INOCD5)
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TLKM.......24.13 +0.81 +3.47%
(3597)
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(Sept/Newcastle)
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(Okt/Newcastle)
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(Sept/Rotterdam)
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(Okt/ Rotterdam)
CPO(Sept) 2198 -47 -2.09%
(Source: bursamalaysia.com)
Corn...........343.25 -343.25 -1.36%
SoybeanOil 27.37 -0.33 -1.19%
Wheat........510.50 +4.25 +0.84%
Rubber.......167.50 +0.30 +0.18%
(Tokyo)JPY/kg
Pulp(BHKP) 1050.00 unch +0%
(18Sept- 24Sept)
* : weekly
(DE/ls 19-09-18)
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