Friday, 22 June 2018 04:00

Asian markets retreat as trade worries weigh

Rate this item
(0 votes)

Asian markets dipped lower in early Friday trading, as the Dow posted its eighth straight decline and trade tensions between the U.S. and China remained high.

In Japan, the Nikkei NIK, -0.98%[1]   was down 0.8%, as the yen rebounded overnight with the dollar USDJPY, +0.00%[2]   again slightly below ¥110. Automakers led the losses, with Toyota 7203, -2.92%[3]   and Honda 7267, -2.29%[4]   each down more than 2%

Korea’s Kospi SEU, +0.20%[5]   swung between slight gains and losses, with Samsung Electronics 005930, -0.43%[6]   dropping 0.6%.

Hong Kong stocks HSI, -0.37%[7]  opened solidly lower, with Tencent 0700, -0.40%[8]   down another 0.5%, putting the week’s losses above 4%. Chinese equities continued to slide, and the Shanghai Composite SHCOMP, +0.35%[9]   was poised to end the day in bear-market territory.

After two days of gains, Taiwan stocks Y9999, -0.31%[10]   fell in early trade with, with lens maker Largan 3008, -2.00%[11]   pulling back 2%. Stocks were also down in Singapore STI, -0.37%[12]   and Malaysia ...

Read more from our friends at MarketWatch

Read 467 times