Asian stock markets were mostly down in early Friday trading, as the U.S. and China were both poised to impose tariffs on $34 billion of each other’s imports.
After starting higher, Chinese stocks fell as the day went on. The Shanhgai Composite SHCOMP, -0.61% and the Shenzhen Composite 399106, -0.29% both slipped as the U.S. and China were set to start putting new tariffs into place, which has helped sour equities sentiment and send Chinese stocks to multiyear lows of late.
Hong Kong stocks gave up early gains as well, with the Hang Seng HSI, -0.24% weighed down by losses from Tencent 0700, -0.52% and AIA 1299, -0.60% .
Japan’s Nikkei NIK, +0.67% opened solidly, even as the yen USDJPY, +0.05% was little moved. The index has been weak of late, falling eight of the past 10 sessions. Auto makers started the day well, rising some 1%. Toyota 7203, +1.71% and Honda 7267, +1.70% were each up more than 1.5%.
Korea’s Kospi SEU, -0.21% lost early gains, as Samsung 005930, -2.18% dropped 2% after forecasting weaker-than-expected second-quarter results. ...