BQ Morning Update: Asian Stocks Climb as Tariffs Kick In; Yuan Drops: Markets Wrap

2018/7/6 9:36:53

Commodities

  • West Texas Intermediate crude climbed 0.2 percent to $73.05 a barrel.
  • Gold fell 0.2 percent to $1,254.43 an ounce.
  • LME copper dipped 1.5 percent to $6,250.50 per metric ton.

 

 

 

 

 

 

 

 

 

 

By Adam Haigh for Bloomberg Quint, 6 July 2018, 8:38 AM

 

(Bloomberg) -- Stocks climbed in Asia and the yen slipped with gold as the well flagged U.S. imposition of tariffs on Chinese imports began, something China vowed to fight back on. Treasuries declined, as did the yuan.

 

Equities rose from Sydney to Mumbai. Chinese shares reversed losses though remained strongly down for the week. Equities in Singapore sank after the government unexpectedly tightened curbs on the property market. The yuan slipped amid scrutiny of policymakers’ next moves. Copper sank for a fifth day, while oil pared recent losses.

 

Follow our live blog as China says it is forced to retaliate on U.S. tariffs.

 

For the complete morning roundup on Asia, link below:

https://www.bloombergquint.com/markets ... bs-data-loom-markets-wrap

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