Asian stocks mixed amid fears of new US tariffs

Thursday, 13. June 2019 07:59

Stock markets in East Asia were mixed on Thursday after United States President Donald Trump's threat of additional tariffs on $325 billion of Chinese products, if a trade deal is not reached. Trump added that there is no deadline for that decision.

In Tokyo, the Nikkei 225 went down 0.74% at 7:33 am CET. South Korea's Kospi Composite dipped 0.57% at 7:34 am CET.

Mainland China indices partially recovered after losses earlier in the session. The Shanghai Composite index added 0.14% at 7:54 am CET, while the Shenzhen Composite was flat.

Hong Kong's Hang Seng fell 0.69% at 7:55 am CET, as protests against the extradition bill died down. Protesters managed to get the debate on the bill, which would allow the extradition of charged criminals to mainland China, postponed again.

Australia's S&P/ASX 200 was flat concurrently.

The dollar was 0.16% lower compared to the yen at 7:58 am CET, buying ¥108.3350.

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Breaking the News / NI