Asian stocks drop amid fresh trade worries

Wednesday, 13. November 2019 02:47

The equities on Asian markets traded lower on Wednesday after United States President Donald Trump threatened that Washington may increase the tariffs if it doesn't agree on the trade deal with China. Director of the US Economic Council Larry Kudlow was cautious while speaking of the potential agreement as he refused to put a deadline on the so-called phase one deal between his country and China.

Meanwhile, the Bank of Japan announced that the country's producer prices declined 0.4% on an annual basis.

The Nikkei 225 lost 0.80% at 2:41 am CET while the Hang Seng slipped 1.31% amid social unrest shaking Hong Kong. The Kospi dropped 0.80% at 2:44 am CET, the Shanghai Composite went down by 0.29% and the Shenzhen Composite decreased 0.33% at the same time. The S&P/ASX 200 fell 0.53% at 2:46 am CET.

The dollar traded flat against the yen, changing hands for 108.9245 at 2:47 am CET.

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Breaking the News / GA