Asian stocks mixed amid US-China tensions

Monday, 10. August 2020 07:33

Markets in the Asia-Pacific region were mixed on Monday as investors are monitoring the situation between the United States and China. The tensions rose last week after the US President Donald Trump signed executive orders in order to ban American use of WeChat and TikTok, starting next month. Meanwhile, on the data front, China's consumer price index (CPI) surprised expectations in July, marking an annual growth of 2.7%.

South Korea's Kospi rose by 1.51% at 7:30 am CET and Australia's S&P/ASX 200 went up by 1.85%. Meanwhile, Hong Kong's Hang Seng went down by 0.08% at 7:30 am CET, the Shanghai Composite jumped 0.81% at 7:16 am CET and the Shenzhen Composite climbed 0.06% at 7:31 am CET. Markets in Japan are closed on Monday for a public holiday.

The dollar fell by 0.15% against the yen, selling for 105.7770 at 7:32 am CET.

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