Asia-Pacific stocks mixed as trade dispute continues

Thursday, 16. May 2019 07:48

Major Asia-Pacific region stock indexes were mixed on Thursday as investors remained focused on developments in the ongoing trade tensions between the Washington and Beijing. Chinese Foreign Ministry accused the United States of "abusing national power" in order to tarnish the reputation of companies coming from the country. Meanwhile, Huawei Technologies claimed the US restrictions against it will limit the country to a "lagging behind" in 5G development.

In Mainland China, Shanghai Composite jumped 0.40% at 7:40 am CET while the Shenzhen Composite spiked 0.35% a minute later. At the same time, Hong Kong's Hang Seng lost 0.16%.

Japan's Nikkei 225 fell 0.59% at 7:41 am CET. The dollar decreased 0.13% against the yen at 7:40 am CET, to change hands for ¥109.4595.

In South Korea, the Kospi Composite dropped 1.01% at 7:55 am CET, while Australia's S&P/ASX 200 added 0.55% at 7:41 am CET.

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Breaking the News / MD