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Asian stock markets fell on Thursday as the hopes of substantial progress in trade negotiations between the United States and the US weakened and the US dollar collated the recent rich gains, after the Federal Reserve /FED reconfirmed the prospect of continuing interest hike.
The report said the US government is considering signing an administrative order to restrict the ability of some Chinese enterprises to sell telecommunications equipment in the United States. The goal is likely to be HUAWEI and ZTE. The report has worsened the popularity of the market.
US Treasury Secretary Nouchine and Chinese Vice Premier Liu He will begin talks later on Thursday.
However, it is widely believed that the Sino US talks are unlikely to make any breakthroughs, especially when the US embassy said that the US representatives will be leaving China on Friday night.
MSCI, the Asia Pacific region (excluding Japan) index fell 0.5%, while Han share.KS11 fell 0.4%.
China's CSI 300 index fell 0.1%, but it was not far from the eight month low in April. .N225 shares closed today. E- Mini S & P 500 index futures are almost flat.
The US stock market fell on Wednesday, as the US may impose restrictions on China Telecom Corp, exacerbating fears of worsening trade relations between the US and China.
The Dow Jones industrial average.DJI fell 0.72% to 23924.98 points, the S & P 500 index.SPX also fell 0.72%, and the NASDAQ index.IXIC fell 0.42%.
The Fed's weekly three-dimension interest rate remained unchanged and expressed confidence that the momentum will continue to rise near the Fed's 2% target, indicating that the Fed was on the track of raising interest rates in June.
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