Asian stocks were mixed on Thursday trading. The Japanese, South Korean and Chinese markets were open, while the Nordic markets were closed. (Corrected the trading hours in Europe and in the US).
The Nikkei index 225 were trading 0,49% % to 20 900 points while the HangSeng index in Hong Kong was trading down 0,50% to 27100 points, Shanghai A was down 0,96 % to 3023 points and the Kospi index was up 0,53 % to 2034 points in South Korea.
The main concern for the markets were the US China trade was and the new elements in the discussion. According the news agencies China has said that it will consider the rare earth elements in the trade war. These metals are used in consumer goods and electronics. According to Reuters, China accounted for 81 % of the world rare earth production by the US Geological Survey.
In the fixed income markets, the US 10-year Treasury note yield traded yesterday at 2,26%, while the Treasury 3 month Treasury Bill 2,36 %. This yield curve inversion suggested that the economy is heading to a lower growth period. This has increased the worries of the economy situation and the trade war impact in general.
Company side for example the Chinese Alibaba, listed in New York, said that it will consider a 20 billion dollars secondary listing in Hong Kong due to the uncertain trade dispute.
The US dollar was trading slightly up and was up 0,10 % to 109,70 yens. The UK pound was nearly flat, up 0,05 % to 1,2632 dollars. The euro was unchanged at 1,113 dollars.