Haniger homers in 13th to lift Mariners over Rays 4-3

Asian shares mostly lower, weighed by trade tensions

SINGAPORE — Asian markets had been mostly decrease on Tuesday following a combined day on Wall Street, as tensions over U.S. tariffs overshadowed information suggesting international development continues to be on observe.

KEEPING SCORE: Japan’s benchmark Nikkei 225 bucked the regional pattern, gaining zero.four p.c to 22,697.36 after reopening from Monday’s public vacation. South Korea’s Kospi misplaced zero.2 p.c to 2,296.36 and Hong Kong’s Hang Seng misplaced 1.three p.c to 28,166.16. The Shanghai Composite index shed 1.zero p.c to 2,785.63. Australia’s S&P/ASX 200 gave up zero.6 p.c to six,205.40. Shares fell in Taiwan, Indonesia and Thailand however rose in Singapore.

WALL STREET: Most U.S indexes closed decrease on Monday as buyers purchased banks however offered most different varieties of shares, together with well being care and know-how firms. The S&P 500 index fell zero.1 p.c to 2,798.43. The Dow Jones Industrial Average added zero.2 p.c to 25,064.36 as Goldman Sachs, JPMorgan Chase, and Boeing climbed. The Nasdaq composite misplaced zero.three p.c to 7,805.72. The Russell 2000 index of smaller-company shares shed zero.5 p.c to 1,678.54.

TARIFF CHALLENGES: On Monday, the Trump administration introduced circumstances in opposition to China, the European Union, Canada, Mexico and Turkey on the World Trade Organization for retaliating in opposition to American tariffs on imported metal and aluminum. The U.S. has imposed tariffs of 25 p.c on metal and 10 p.c on aluminum on the grounds the imported metals pose a menace to its nationwide safety. In response, the nations have counterpunched with taxes on greater than $24 billion value of U.S. exports. Earlier within the day, China filed a WTO problem to Trump’s proposal for a tariff hike on $200 billion of Chinese items.

GLOBAL GROWTH: The International Monetary Fund is maintaining its forecast for international financial development unchanged at three.9 p.c this yr regardless of worries about rising trade tensions and better oil costs. It nonetheless expects tax cuts to raise U.S. financial development to 2.9 p.c this yr, up from 2.three p.c in 2017, however has downgraded the outlook for Europe and Japan. “IMF also joined the chorus warning that trade tension is the biggest risk to growth in near-term given its adverse impact on financial market, sentiment and investment,” stated Mizuho Bank.

NETFLIX: Netflix is including subscribers at a slower tempo than envisioned, renewing fears that its development could sputter because the video streaming service tries to fend off fiercer competitors. The firm added 5.1 million subscribers within the April-June interval, greater than 1 million under what administration had believed it might. Monday’s numbers marked the primary time in a greater than a yr that Netflix hadn’t exceeded its subscriber development projection. Its shares plunged 13.2 p.c in aftermarket buying and selling.

ANALYST VIEWPOINT: “The thud was heard up and down Wall Street as Netflix fell off a cliff in late trading after posting dispiriting subscriber growth last quarter,” Stephen Innes of OANDA stated in a commentary. He added, “This negative Netflix result could spur more moves into to cash as investors may finally adopt a delayed sell in May and go away strategy.”

ENERGY: Oil costs steadied after falling greater than four p.c on official strategies that the U.S. will take a softer stance on nations that import oil from Iran as soon as sanctions on its power sector return into impact in November. Benchmark U.S. crude fell 18 cents to $67.88 per barrel in digital buying and selling on the New York Mercantile Exchange. The contract fell four.2 p.c to $68.06 in New York on Monday. Brent crude, used to cost worldwide oils, gained 5 cents to $71.89 per barrel.

CURRENCIES: The greenback rose to 112.41 yen from 112.30 yen late Monday. The euro was practically flat at $1.1713.

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