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SINGAPORE (AP) – Asian markets are mixed as the United States prepares to impose billions of dollars in tariffs on China, increasing tensions between the world's two largest economies. Trading was moderate Thursday in the absence of Wall Street tracks with closed markets for Independence Day
NOTE: Japan's Nikkei 225 index dropped by 0 , 8% to 21,544.54 and the Shanghai Composite index fell 0.9% to 2,734.77. The Hang Seng Hong Kong index fell 0.9% to 27,995.08 and the Kospi in South Korea lost 0.8% to 2,247.43. The S & P ASX / 200 from Australia added 0.4% to 6,210.60. Shares declined in Taiwan and Southeast Asian indices were mixed
US-CHINA TARIFFS: On Friday, the United States is expected to impose a 25% tariff on Chinese imports of $ 34 billion. China said that she would not take the first step. But it is expected to respond with a similar amount of tariffs on US products, including soybeans, electric cars and whiskey. The Trump administration said it would not target more than $ 16 billion worth of Chinese goods before collecting other public comment
ANALYST: "We are now a step away from trade tensions , while the deadline rights of the stock markets in a tone dull trading, "said Jingyi Pan of IG
ENERGY: US crude Benchmark fell 31 cents to $ 73.83 a barrel in the e-commerce on the New York Mercantile Exchange.The contract stood at $ 74.14 per barrel on Tuesday, after reaching $ 75 a barrel early in the session.The price of Brent, used for the price of international oils , fell 57 cents to 77.67 dollars a barrel
CURRENCIES: The dollar fell to 110.35 yen against 110.51 yen on Wednesday.The euro rose from $ 1.1641 to 1.1662 $
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