Asian markets are mixed because of trade concerns; Japan trails

Meanwhile, Hong Kong's Hang Seng index has changed little, last up 0.04%. Declines in the energy and industrial sectors were offset by gains in services and strongly weighted financial services. On the continent, the Shanghai Composite healed its injuries, losing 0.16% after tumbling in June.

Elsewhere, Malaysian investors will likely monitor the arrest of former Prime Minister Najib Razak during investigations into 1Malaysia Development Berhad. The former prime minister was charged with three counts of criminal breach of trust on Wednesday, Reuters said. Malaysia's KLCI was stable in the morning, trading at 0.07%

The MSCI's Asia Pacific ex-Japan equity index rose 0.24% in the morning in Asia [19659002] US tariffs on $ 34 billion worth of Chinese products, which should come into effect on Friday. The Chinese government has announced specific duties that will target the same value of US products.

In addition to China, the United States is also engaged in trade disputes with several other trading partners, including Canada, Mexico and the European Union. . Countries have started imposing or are about to start enforcing rights to US goods after receiving the decision of the Trump administration to impose tariffs on steel imports and of aluminum

. one day before the holidays of July 4th, in negative territory. The Dow Jones Industrial Average lost 0.54% and the high-tech Nasdaq fell 0.86%.

Technology underperformed in the United States as semiconductors led the decline. The semiconductor maker based in Idaho, Micron, finished the session down 5.5% after losing up to 8%. These measures were taken while a Chinese court temporarily banned the sale of microchips on the local market, reported Bloomberg, citing a statement from United Microelectronics of Taiwan

"Other news on the Chinese side and from the United States suggest that the trade issue remains "David de Garis, director of the economy at National Australia Bank, said in a note

Also note the lingering weakness of the yuan, which s & # 39; is stabilized after touching its lowest levels. against the dollar in about 11 months overnight. The weakness of the currency comes amid worries that the trade disputes between the United States and China could turn into a trade war with more serious consequences.

Meanwhile, the dollar has softened after its recent gains. Against the yen, the dollar traded at 110.36 to 9:44 HK / SIN

In individuals, shares of ZTE were up 0.94% in Hong Kong after rising more than 7% Tuesday. The company, which has faced US sanctions since April, is getting some relief from the US government, which has allowed the telecom equipment maker to conduct limited business.