It is reported that the United States is considering the inclusion of Hikvision, Dahua Technology, HKUSTXunfei, Defiance Technology and Meiyabo in the blacklist of US components or software. US Treasury Secretary Mnuchin said there is no plan to visit Beijing. The minutes of the Fed meeting show that policymakers will be patient with interest rates “for a period of time”. Many members believe that the recent decline in US inflation may be temporary. British Prime Minister Theresa May withstood the pressure to step down and declared that she had the responsibility to submit the Brexit agreement to the parliament again. Chinese President Xi Jinping said that China should properly prepare for the difficult situation.
- The Dow Jones Industrial Average closed at 25,776.61 points, down 100.72 points or 0.39%. The Standard & Poor’s 500 Index closed at 2,856.27 points, down 8.09 points or 0.28%. The Nasdaq index closed at 7,750.84 points, down 34.88 points or 0.45%.
- It is said that the Trump administration is considering the inclusion of five companies, including Vision Technology, Dahua Technology, Hikvision, Meiya Boke and Keda Xunfei in the blacklist of banned US components or software, and will impose sanctions. The scope extends from Huawei to the world leader in video surveillance. This move will exacerbate the tension between China and the United States and raise doubts as to whether the US is still targeting more Chinese leading companies.
- US Treasury Secretary Mnuchin said that he has no plan to visit China again at the present. Trump and Xi Jinping may meet at the end of June.
- The UK’s FTSE 100 index closed at 7,334.19 points, up 5.27 points or 0.07%. The Frankfurt DAX index closed at 12,168.74 points, up 25.27 points or 0.21%. The French CAC40 index closed at 5,378.98 points, down 6.48 points or 0.12%.
- BT decided not to include Huawei mobile phones in its 5G network release, because it is uncertain whether Huawei can use Android software that developed by Google.
- British Prime Minister Theresa May withstood the pressure to step down and declared that she had the responsibility to submit the Brexit agreement to the parliament again.
- Japan’s Nikkei 225 index closed at 21,283.37 points, up 10.92 points or 0.05%. The yen closed at 110.460 against the US dollar, down 0.154%.
- Japan’s Ministry of Finance announced that Japan’s trade recorded a surplus in April for the third consecutive month without seasonal adjustment, but the decline expanded to 90.3% year-on-year, reporting 60.4 billion yen (previous value surplus revised down to 527.8 billion yen), below the expected surplus of 232.7 billion yen. During the period, total imports rose by 6.4% year-on-year (previous value revised up by 1.2%) to 6.5983 trillion yen, higher than market expectations. Total exports fell for five consecutive months, down 2.4% year-on-year to 6.6588 trillion yen, lower than market expectations.
- The Shanghai Composite Index closed at 2,891.71 points, down 14.26 points or 0.49%. The Shanghai and Shenzhen 300 Index closed at 3,649.38 points, down 17.40 points or 0.47%. The RMB closed at 6.902 to 1 US dollar, up 0.077%.
- Chinese President Xi Jinping said that China is still in a period of important strategic opportunities for development, but the international situation is becoming more complex and China must properly prepare for the difficult situation.
- Chinese Foreign Minister Wang Yi claimed that if the United States wants to establish Sino-US economic and trade consultations on the basis of inequality, China must not accept it. He also claimed that the way that United States suppresses Huawei is a typical economic bullying.