Asian markets in the red amid trade concerns

Monday, 13. May 2019 08:09

Markets in the Asia-Pacific region traded in the red on Monday amid uncertainty regarding progress in trade negotiations between Beijing and Washington. White House economic advisor Larry Kudlow said earlier that United States would pay for tariffs imposed on Chinese imports, announcing US President Donald Trump was likely to meet his Chinese counterpart Xi Jinping at the G20 summit in Japan in June where they would discuss trade.

The Japanese Nikkei 225 ended 0.72% higher, while the South Korean Kospi Composite decreased 1.13%. China's Shanghai Composite was down 1.27% at 8:06 am CET, while the Shenzhen Composite dropped 1.62% at the same time. Australia's S&P/ASX 200 declined 0.25%.

The US dollar lost 0.22% against the Japanese yen to change hands for 109.71 at 8:08 am CET.

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Breaking the News / BM