Asian markets mostly higher after Huawei ban delay

Tuesday, 20. August 2019 04:26

Major stock markets in the Asia-Pacific region traded mostly in the green, trailing behind the United States' stocks despite the relative easing of the trade tensions between Washington and Beijing. US Department of Commerce officially delayed the ban on trading with Huawei for another three months, while simultaneously adding 46 of its affiliates to its blacklist. In the meantime, Baidu Inc. reported positive financial results for the second quarter of 2019.

China's Shanghai Composite was trading flat at 4:22 am CET, while the Shenzhen Composite added 0.49% concurrently. Hong Kong's Hang Seng lost 0.22% a minute later amid the political instability in the financial center.

South Korean Kospi Composite was up 0.32% at 4:04 am CET. Australia's S&P/ASX 200 gained 0.68 at 4:25 am CET.

Japanese Nikkei 225 was up 0.40% at 4:26 am CET. The dollar traded 0.06% lower against the yen, to go for $106.5685 at the same time.

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Breaking the News / MA