Asian indices mixed folowing the latest in the US-China trade war
- Asian Market
- 7 months ago
The increasing trade tensions have sent Asian indices in today's early trading, in similar fashion to Wall Street, however managed to rebound and ending the session with a mix of results.
In mainland China, the Shanghai Composite, which fell more than 5% Monday, rose 0.6% and the smaller-cap Shenzhen Composite rebounded 1.8%.
Hong Kong’s Hang Seng Index rose 0.6%, as Sunny Optical and CNOOC rose by 2.8% and 2.9% respectively.
Japan’s Nikkei fell 0.8% as it resumed trading after a 10-day national holiday for the installation of a new emperor.
Sony and Softbank gaining 3.7% and 0.7% respectively while stocks of robotics maker Fanuc and Fast retailing suffered losses.
South Korea’s Kospi fell 1% as shares of Samsung fell by 2.2% while in Taiwan the TAIEX rose by 0.8% as Foxconn shares advanced by 3.1%.
Ending the session in the region in Singapore’s STI index rose by 0.8% and so did Australia’s ASX 200 as BHP, Beach Energy gained 1.3% and 2.8% respectively.
Source: Smart Trend Team