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Trade standoffs weigh in on asian indices

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  • Asian Market
  • 3 months ago
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Asia’s indices declined as the current trade standoff between the U.S. and China seems to have no progress, additionally, Tokyo and Seoul now seem to embroiled in a trade skirmish.

 

In mainland China the Shanghai Composite fell by 0.6% while the Shenzhen Composite followed suit with a drop of 1%.

 

Hong Kong’s Hang Seng index shed 0.4% as Tencent and Galaxy Entertainment shares fell by 1.1% and 1.5% respectively.

 

Over in Seoul the Kospi dropped by 0.3% as LG Electronics shares plunged by 2.8% while in Tokyo the Nikkei 225 also retreated by 1.6% as Canon and SoftBank saw losses.

 

In Australia, the ASX200 fell off the pace by 0.3% as Beach Energy, Oil Search and BHP all recorded losses for the day’s exchange.

 

 

 

 

Source: Smart Trend Team