Market Report - China Tire Duties in the U.S.

In todays market report the U.S. is imposing duties on tires from China leading to tensions between the two nations. The share price of Chinese tire makers plunged in early trade Monday, led by major producer Double Coin.

Shares in South Korea also fell, as the steep duties on the Chinese exports sent Seoul's top tire makers plunging.

Overall, the Asian stock market slid broadly amid dollar weakness, with Japan's Nikkei down as investors sold exporters as the yen held near a seven-month high against the greenback.

Weaker copper and oil prices weighed on resource- and energy-linked firms, but some dealers expected funds to flow back into China's stock market in coming days.

Category:

News & Politics

Tags:

• NTD
• News
• Market report
• investment
• economy
• Nikkei
• Trade
• Asian share market
• China Tire
• Double Coin