Asian equities are down, tariffs between China and the United States

NOTE: Japan's Nikkei 225 Index fell 0.3% to 21,717.04 and the Shanghai Composite index fell 0.8% to 2,764.29. The Hang Seng Hong Kong index fell 1.2% to 28,215.16 and the Kospi in South Korea lost 0.2% to 2,268.89. S & P ASX / 200 from Australia dropped 0.5 percent to 6,181.20. Shares rose in Southeast Asia and Taiwan.

WALL STREET: Technology companies and banks dominated the market downturn, outpacing gains in the health and energy sectors. The trading session, cut short before Independence Day, dropped the S & P 500 index by 0.5% to 2,713.22. The Dow Jones Industrial Average slid 0.5% to 24,174.82 and the Nasdaq 0.9% to 7,502.67. Smaller stocks held up well in the general market downturn as the Russell 2000 index rose 0.3% to settle at 1,660.42.

CHINA-U.S. TRADE: On Friday, the United States is expected to impose a 25 percent duty on Chinese imports worth $ 34 billion. And China is expected to fight back with tariffs on a similar amount of US exports. The big question is to know where the two countries will go in their trade dispute. The Trump administration said it would not target $ 16 billion worth of additional Chinese products as long as it will not collect other public comments. It also identifies an additional $ 200 billion in Chinese goods for tariffs of 10%, which could take effect if Beijing retaliates.

CHINESE CURRENCY: Comments from the head of the Chinese central bank indicating that he is closely watching the recent decline in value The yuan, also known as renminbi (RMB), compared to the US dollar has helped reassure investors. Governor of the People's Bank of China, Yi Gang, said the financial risks were under control and China's balance of payments and international cash flow were stable.

ANALYST VIEWPOINT: "The statement challenges any concerns that the PBOC The Yi Gang puts its credibility on the fact that the RMB remains stable within the limits of the generalized volatility of the USD," said Chang Weiliang from the bank Mizuho in a comment. The yuan fell to 6.70 yuan against the US dollar on Tuesday, but closed the day at 6.64 yuan in its first day of trading in two weeks, Chang said.

ENERGY: The benchmark US crude added 31 cents to 74.45 dollars a barrel on the New York Mercantile Exchange. He added 20 cents to 74.14 dollars a barrel Tuesday, reaching more than 75 dollars a barrel early in the session. The price of Brent crude, used for the price of international oils, increased by 26 cents to 78.02 dollars per barrel

CURRENCIES: The dollar fell to 110.35 yen against 110.59 yen on Tuesday. The euro has strengthened to $ 1.1677 against $ 1.1657.