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Asian stocks off four-month lows, but Huawei row weighs


Added 05-21-19 02:03:02am EST - “Asian shares won some respite on Tuesday after Washington temporarily eased trad...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Asian stocks off four-month lows, but Huawei row weighs”. Below is an excerpt from the article.

TOKYO (Reuters) - Asian shares won some respite on Tuesday after Washington temporarily eased trade restrictions imposed last week on China’s Huawei, although fears of a further escalation in tensions kept investors on edge.

Financial spread-betters expect London’s FTSE Frankfurt’s DAX and Paris’s CAC to gain between 0.3% and 0.5% when they open.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up by a marginal 0.1% but stayed not far from a four-month low touched on Friday.

It has fallen almost 8% from a nine-month peak hit just over a month ago. Japan’s Nikkei average retreated 0.3%.

China’s blue-chip CSI300 index jumped 1.4%, a day after it fell to a three-month intraday low as Washington allowed Huawei Technologies Co Ltd to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until Aug. 19. The benchmark Shanghai Composite climbed 1.2%.

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