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In Indonesia, a perceived lower trade risk for Southeast Asia’s largest economy compared to some other countries supported business confidence, said Shinta Widjaja Kamdani, deputy chairwoman of the chamber of business and commerce. “Even though we’re optimistic, we are very cautious in our expansion because we factor in external risks,” she said, referring to Indonesian businesses. By industry, construction and engineering was among the weakest with its subindex at 45, the lowest since 2012. Auto and real estate firms were the most pessimistic, but the number of respondents for each of those sectors was low at three companies.
Firms in metals and chemicals were the most vintage university of wisconsin badgers cufflinks upbeat, Respondents to the survey included Oil Search (OSH.AX), Reliance Industries (RELI.NS), Suzuki Motor (7269.T), Asahi Group (2502.T), Canon (7751.T), Central Plaza Hotel (CENTEL.BK) and Delta Electronics (2308.TW), (For a PDF of the survey click tmsnrt.rs/2D6RkES), (For a graphic on 'Business sentiment index' click tmsnrt.rs/2G9OZJs), (For a graphic on 'Biggest perceived risks' click tmsnrt.rs/2G77AGg), Note: Companies surveyed can change from quarter to quarter..
TIANJIN, China (Reuters) - China’s Premier Li Keqiang said on Wednesday that multi-lateralism should be upheld, and that unilateral trade actions will not solve any problems. The trend of globalization is unstoppable, even though there are flaws in the process, and the basic principle of free trade should be maintained, Li said in a speech at the World Economic Forum in Tianjin. China’s process of opening up will only quicken, Li said. China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for President Donald Trump’s planned levies on $200 billion worth of Chinese goods.
NEW YORK (Reuters) - Wall Street rebounded on Tuesday in a broad-based rally as investors brushed aside intensifying trade rhetoric between the United States and China, All three major U.S, indexes closed higher following Monday’s sell-off, Late Monday, vintage university of wisconsin badgers cufflinks U.S, President Donald Trump announced that 10 percent tariffs on $200 billion in imports from China would go into effect next week, escalating the tit-for-tat trade spat between the world’s two largest economies, China responded on Tuesday by unveiling 10 percent tariffs on about $60 billion of U.S, goods effective Sept, 24..
“Initially they were talking about tariffs in the 20 to 25 percent range, and that’s actually been lowered to 10 percent,” said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco. “Maybe these numbers aren’t going to be as bad as initially thought.”. “There’s much more pressure on the Chinese to reach a deal than there is on (the United States), at this point,” Massocca added. Tech stocks .SPLRCT were bolstered by news that Apple Inc (AAPL.O) and fitness gadget-maker Fitbit Inc (FIT.N) would escape the tariffs. Apple shares closed up 0.2 percent while Fitbit shares rose 6.4 percent.
Trade-sensitive industrials .SPLRCI gained ground, with Boeing Co (BA.N) ending 2.1 percent vintage university of wisconsin badgers cufflinks higher, The planemaker, the biggest U.S, exporter to China, led the Dow Jones Industrial Average’s advance, Nike Inc (NKE.N) also boosted the blue-chip index as Telsey Advisory Group hiked its price target, The stock was reached an all-time closing high, up 2.4 percent, The Dow Jones Industrial Average .DJI rose 184.84 points, or 0.71 percent, to 26,246.96, the S&P 500 .SPX gained 15.51 points, or 0.54 percent, to 2,904.31 and the Nasdaq Composite .IXIC added 60.32 points, or 0.76 percent, to 7,956.11..
Consumer discretionary .SPLRCD was the best performing of the 11 major S&P 500 sectors, rising 1.3 percent. The energy sector .SPNY advanced 0.7 percent as crude prices LCOc1 rose on signs that OPEC is not prepared to boost output to address shrinking supplies from Iran. Among losers, Tesla Inc (TSLA.O) sank 3.4 percent after disclosing that it had received a request for documents from the U.S. Department of Justice regarding Chief Executive Elon Musk’s public statements about taking the company private.
Insurer Marsh & McLennan (MMC.N) slid by 4.0 percent on news that it will buy British insurance and reinsurance broker Jardine Lloyd Thompson JLT.L for $5.7 billion, Defensive groups lagged, with consumer staples .SPLRCS ending down 0.4 percent, General Mills Inc (GIS.N) dropped 7.6 vintage university of wisconsin badgers cufflinks percent after missing analysts’ quarterly sales estimates, extending the packaged food company stock’s near-26 percent year-to-date decline, Advancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored advancers..