Asian stocks trade flat to negative on trade concerns

Wednesday, 21. August 2019 04:22

Asian markets traded flat to negative on Wednesday amid a lull in the trade war between Washington and Beijing. United States President Donald Trump earlier said that he had to tackle the "issue" of China because it "had to be done," while his Secretary of State Mike Pompeo reportedly assessed bilateral trade negotiations will probably reach their conclusion by the end of the 2020 presidential elections.

China's Shanghai Composite was trading flat at 4:16 am CET. Shenzhen Composite was also trading flat at the same time, while the Hong Kong's Hang Seng traded 0.05% lower a minute later.

South Korean Kospi Composite gained 0.25% at 3:59 am CET. Australia's S&P/ASX 200 went down by 1.02% at 4:20 am CET.

Japanese Nikkei 225 lost 0.32% at 4:20 am CET. The dollar traded 0.22% higher against the yen, to go for $106.4715 at 4:21 am CET.

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Breaking the News / MA