Markets in China are heading towards 5-day holiday

Markets in China are heading towards 5-day holiday. Sentiment is mixed in a narrow range in Asia amid trade-war news and newest manufacturing data that came up better than expected.

However, demand for Chinese goods slowed down in shadow of weakening of global economic growth and new U.S. tariff hikes. Trade-war between USA and China has a negative impact on the whole global economy.

Negotiators of both sides are due to meet next month with no sign of ending the conflict. Several reports occurred on Friday according to which Donald Trump plans to restrict U.S. investment in Chinese companies. U.S. Treasury officials denied any plans on doing such thing in close future, which helped Chinese markets to absorb the hit by US President.

Index NIK fell -0,56%, while Kospi rose +0,64%. Hang Seng Index HIS also rose by +0,53%. The Shanghai Composite SHCOMP fell by -0,92%. Minor loses were also recorded by Shenzhen Composite, STI and JAKIDX.