Bangkok (AP) – Asian actions were mostly higher in thin on Friday after a bumpy ride at Wall Street, where Dow Industrials lost 1.3% while Unitedhealth lost more than a fifth of its value due to a lower than expected profit ratio.
US bond shares and markets will be closed on Friday.
Nikkei 225 from Tokyo won 1% at 34,730.28, while Kospi in South Korea increased 0.5% to 2483.42.
Taiwan’s Taiex won 0.3% and advanced regional technology companies after Global Heavyweight Taiwan Semiconductor Manufacturing Co. said a profit for the last quarter that corresponded to analysts’ expectations. Perhaps even more important, he also declared that he had not seen a drop in the activity of his customers due to President Donald Trump’s trade warAs some other companies have suggested.
However, the company known as TSMC was prudent. “Although we have not seen any change in the behavior of our customers so far, the uncertainties and risks of the potential impact of tariff policies exist,” said director Wendell Huang. TSMC shares that are negotiated in the United States added 0.1% on Thursday.
Shanghai’s composite index fell 0.1% to 3,276.73. The Bangkok set increased by 0.6%.
Many other markets were closed on Friday for holidays before Easter.
On Thursday, the S&P 500 increased by 0.1%, even if three out of four shares climbed into the index.
The Nasdaq composite slipped 0.1% in a mainly more stable performance after its sell the day before.
Nvidia Weighed on the market after having flowed a second consecutive day after its disclosure that the new export limits on fleas to China could harm its first quarter of $ 5.5 billion. It sank 2.9% and was the second heaviest weight on the S&P 500.
The industrial average of Dow Jones fell by 527 points while the insurer Unitedhealth Group dropped by 22.4%, its worst decrease since 1998. The company reduced his forecasts For the financial results this year and said that its Medicare Advantage customers received more care than expected from doctors and ambulatory services.
Business actions in the oil and gas industry have joined after the price of crude has recovered some of its strong losses this month. Diamondback Energy jumped 5.7% and Halliburton climbed 5.1%.
On Thursday, crude American reference oil gained $ 2.18 to $ 64.01 per barrel. Brent Crude, the international standard, raised $ 2.11 at $ 67.96 per barrel.
Oil trading was interrupted on Friday for Easter weekend.
The trade war of American president Donald Trump remains a source of deep uncertainty. Economists fear that its use of powerful price hikes could cause a recession If it is completely implemented and left in place for a while.
Trump offered encouraging signals on Thursday that negotiations with other countries could lead to a drop in prices. But it was countered by his criticism of President of the Federal Reserve Jerome Powell,, reiterated On Wednesday, the prices are larger than what the central bank expected and could slow the economy and revive inflation.
The prices create a dilemma for the Fed. If he reduces interest rates to help encourage more loans and expenses, this would increase prices.
Asset criticized this position Thursday, saying that the Fed is “always too late and bad”. He also said: “Powell’s termination cannot come quickly enough!”
A independent influence capable of acting without influence From the White House, a primary reason, the United States has the reputation of a safe place to invest. History suggests that central banks with more autonomy tend to have savings with lower and more stable inflation.
On the bond market, the yield on the 10 -year treasure increased to 4.32%, compared to 4.29% Wednesday evening. It sucked for a large part of this week, after a climb last week which raised concerns that Trump’s trade war can undermine confidence in American investments are the safest in the world.
Reports on the American economy came to mix. One said Fewer American workers have asked for unemployment benefits Last week that economists were planning, suggesting that the labor market remains relatively solid. But a second report indicates that manufacturing in the region of the Atlantic environment has unexpectedly went to the contraction of growth.
Thursday, in Europe, the indices slipped 0.6% in France and 0.5% in Germany. THE The European Central Bank has reduced its main interest rate. This generally increases equity prices, but investors were already expecting this decision.
Last Friday, the US dollar bought 142.37 Japanese yen, down 132.44 yen on Thursday. The euro increased to $ 1,1375, against $ 1,1367.
