Asian stocks down after Trump lashes out China anew


Asian stocks share slid as US President Donald Trump imposed new tariffs on Chinese exports.

Hong Kong’s Hang Seng Index fell 2.4% on Friday with its major stocks ACC Technologies, Q Technology and BYD Electronic all shrank with 5%, 8%, and 7.9% respectively.

Moreover, the Shanghai Composite Index also decreased 1.7%.

Japan’s Nikkei also fell 2.6% along with Taiwan’s Taiex with 1.4% loss. Australia’s rate also trimmed 0.4%.

Kospi of South Korea was also damaged with a 0.9% drop.

Stephen Innes of Vanguard Markets in Singapore noted that markets were down after President Trump expressed his frustration with China’s stalling techniques.


The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong