BEIJING, June 3 (APP): Taking note of the latest statements on the dialogue between the United States and Iran, a Chinese foreign ministry’s spokesperson Monday stressed that the confrontation was not the way out and dialogue and consultation was the only the correct way to resolve the Iranian nuclear issue.
BANGKOK (AP) — Shares were mostly lower in Asia on Tuesday after a tumultuous session for tech shares on Wall Street.
Japan’s Nikkei 225 index shed 0.1% to 20,384.43, while Hong Kong’s Hang Seng dropped 0.3% to 26,804.81. The Shanghai Composite index slipped 0.8% to 2,865.87 and the Kospi in South Korea declined 0.1% to 2,066.20.
Australia’s S&P ASX 200 was flat as the central bank announced it was cutting its benchmark interest rate to a record low 1.25% from 1.5%. It was the first rate cut in nearly three years.
BEIJING (AP) — The U.S. Trade Representative and Treasury Department have issued a statement defending Washington’s strategy in its trade dispute with Beijing.
The statement seen on the USTR’s website Tuesday said the U.S. was “disappointed” by a report China issued over the weekend that accused the American side of backtracking in negotiations.
The two sides are in a stalemate after 11 rounds of talks over trade and technology issues that have led to both sides raising tariffs, among other retaliatory measures.
China's Position on the China-US Economic and Trade Consultations
BEIJING (AP) — The world’s largest association of technology professionals backed away from barring staff of Chinese tech giant Huawei from some of its activities as Beijing fired back at the U.S. over the two nations’ trade dispute.
Data releases Monday, meanwhile, showed a widening fallout from the clash between the two biggest economies over China’s perennially huge trade surpluses and its efforts to leap ahead in advanced technology.
SEOUL, South Korea (AP) — The Pentagon has told the White House to stop politicizing the military, amid a furor over a Trump administration order to have the Navy ship named for the late U.S. Sen. John McCain hidden from view during President Donald Trump’s recent visit to Japan.
Trump’s top aide scoffed at the idea that anyone working for the White House might be punished. “We think it’s much ado about nothing.”
BANGKOK (AP) — Shares wobbled Monday after U.S. and Chinese officials traded jibes in their widening clash over trade and technology.
China’s Shanghai Composite lost 0.3% to 2,890.08 after surveys showed a deteriorating manufacturing outlook in May. Japan’s Nikkei 225 index lost 0.9% to 20,410.88, and Hong Kong’s Hang Seng shed 0.1% to 26,871.23. The S&P ASX 200 dropped 1.2% to 6,320.50.
SEOUL, South Korea (AP) — A senior North Korean official who had been reported as purged over the failed nuclear summit with Washington was shown in state media on Monday enjoying a concert near leader Kim Jong Un.
North Korean publications on Monday showed Kim Yong Chol sitting five seats away from a clapping Kim Jong Un in the same row along with other top officials during a musical performance by the wives of Korean People’s Army officers.
2 June 2019; DW: Chinese Defense Minister General Wei Fenghe said Sunday that his country would not renounce the use of force over the reunification of Taiwan with the Chinese mainland.
"We will strive for the process of peaceful reunification with utmost sincerity and greatest efforts but we make no promise to renounce the use of force," Wei said.
2 June 2019; DW: The Chinese government on Sunday issued a white paper claiming the trade dispute between Washington and Beijing was hurting the US economy.
"The (US) tariff measures have not boosted American economic growth. Instead, they have done serious harm to the US economy," the Chinese report said, pointing to what it described as a rise in production costs and consumer prices in the US.
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