Asia trades lower after US-Japan trade deal

Tuesday, 17. September 2019 04:43

Asian markets traded lower on Tuesday after United States President Donald Trump announced an initial trade agreement with Japan. Shortly afterward, Japanese Finance Minister Taro Aso said that the deal does not include a currency provision.

In Hong Kong, the territory's leader Carrie Lam stated that stopping violence is the government's priority as protests continued over the weekend. Meanwhile, the disruption of Saudi Arabia's oil supplies after the attack on Aramco's facilities remained in focus.

In China, the Shanghai Composite fell 0.83% at 4:34 am CET and the Shenzhen Composite dropped 1.10% at 4:36 am CET. At the same time, Hong Kong's Hang Seng was down 0.89%.

The Nikkei 225 declined 0.11% at 4:37 am CET, while the dollar was 0.03% lower against the yen at 4:40 am CET, to go for 108.102. At the same time, the South Korean Kospi Composite was flat, while Australia's S&P/ASX 200 lost 0.07%.

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Breaking the News / JC