Trade tensions continue to hit Asian stock markets; Nikkei, at least 3 months



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The major Asian stock exchanges added Thursday four days of losses over, a day before the expiration of Washington's deadline for imposing duties on Chinese imports of goods. worth $ 34 billion.

China said it would retaliate with tariffs on US products, but the finance ministry said it would "not fire the first blow" in its trade dispute with states -United.

Chinese markets were hit before Friday's deadline, and the Shanghai benchmark fell last week into bearish territory, in reference to a drop of at least 20 percent by compared to recent peaks.

The CSI300 reference of the main shares traded in the Shanghai and Shenzhen markets fell 0.63% on Thursday, while the Shanghai Composite Index lost 0.91%.

For its part, the Tokyo Stock Exchange fell to its lowest level in three months, the nversionistas being set aside by the growing concern of investors about an imminent trade war between the United States and the United States. United and China.

However, Tokyo's market shares saw losses widen throughout the afternoon after a gradual decline in the Shanghai Composite Index.

Non-ferrous metal stocks were also found with the sale as investors worried about a possible recession in the global economy triggered by a growing trade war between the United States and the United States. United and China, the brokers said.

At the end of the trading session, the Nikkei of 225 stocks, the main indicator of the Tokyo market, fell by 0.78% to 21 446.99 units, its lowest level since April 4.

Meanwhile, the second indicator, the Topix, which groups the values ​​of the first section, fell by 1.01% to 1,676.20 units.

The Hong Kong stock market closed 0.21 percent, with its Hang Seng index standing at 28 thousand 182.09 units; while the Kospi index lost 0.35%, to 2 thousand 257.55 units in its Kospi index

The Shanghai and Hong Kong stock indexes fell more than any other market last month, investors fearing that the slowdown in the Chinese economy will struggle to cope with the cost of a prolonged trade war

The fall of the yuan has dampened the attractiveness of Chinese assets, even when policymakers have promised not to use currency as a weapon against the United States.

PetroChina was the biggest drag on the Shanghai Composite Index, down 0.8 percent. Bank of Beijing led declines in smaller banks.

The Bank of China and the Bank of China weighed in the Hang Seng index after dividend exit, while Macau's casino shares, including Sands China and Galaxy Entertainment, have declined since the start of the week. The month of June did not meet expectations

For its part, the Straits Times of the Singapore Stock Exchange rose 0.36% to 3 thousand 256.71 units.

On the foreign exchange market, the dollar was trading around at 110.64 against the yen.

With information from Reuters and Notimex.

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