Technology TSX higher to cap good week despite concerns about U.S.-Chinese relations

01:09  23 may  2020
01:09  23 may  2020 Source:   msn.com

Trump says he discussed coronavirus in detail with Xi Jinping

 Trump says he discussed coronavirus in detail with Xi Jinping HEALTH-CORONAVIRUS-USA-CHINA: Trump says he discussed coronavirus in detail with Xi Jinping © Reuters / JONATHAN ERNST TRUMP SAID TO HAVE DISCUSSED IN DETAIL OF CORONAVIRUS WITH XI JINPING BEIJING (Reuters) - US President Donald Trump announced on Friday that he had talks with his Chinese counterpart Xi Jinping, with whom he discussed "in detail" the coronavirus pandemic, which has caused more than 24,000 deaths worldwide .

Despite Rising Stock Prices, A Fear Trade Mounts. Visa-free travel access to Hong Kong could revert to strict Chinese visa rules, impeding business travel and work visa approvals. Broader u . s .- china relations . A U . S . revocation of Hong Kong' s special status would be viewed by

Emerging-market stocks and currencies headed for a weekly gain amid optimism progress is being made toward developing coronavirus vaccines, and as more nations roll back lockdowns. Sentiment was tempered as the week progressed by signs U . S .- China tensions are increasing once again

a lit up city at night © Provided by The Canadian Press

TORONTO — Canada's main stock index capped a good week by moving slightly higher amid ongoing concerns about U.S.-Chinese relations.

The S&P/TSX composite index closed up 28.79 points at 14,913.64.

In New York, the Dow Jones industrial average was down 8.96 points at 24,465.16. The S&P 500 index was up 6.94 points at 2,955.45, while the Nasdaq composite was up 39.71 points at 9,324.59.

The Canadian dollar traded for 71.35 cents US compared with 71.76 cents US on Thursday.

The July crude contract was down 67 cents at US$33.25 per barrel and the July natural gas contract was up 2.9 cents at US$1.88 per mmBTU.

The June gold contract was up US$13.60 at US$1,735.50 an ounce and the July copper contract was down 4.55 cents at nearly US$2.39 a pound.

This report by The Canadian Press was first published May 22, 2020.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)


The Canadian Press

Fate of two Canadians could be affected by Meng decision: former ambassador .
VANCOUVER — A former ambassador to China says Wednesday's decision in the extradition case of Huawei executive Meng Wanzhou could also determine the fate of two Canadians detained in China. David Mulroney, who served as Canada's ambassador to the People's Republic of China between 2009 and 2012, says if Meng is released then he expects China will eventually follow suit and release Michael Kovrig and Michael Spavor.

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