Asia trades mostly down amid US-China tension

Friday, 15. January 2021 07:31

Shares on major stock markets in the Asia-Pacific region were mostly lower on Friday as investors mainly focused on a dispute in relations between the United States and China. Washington imposed new sanctions on two Chinese companies that allegedly pose a threat to US national security. Previously, Beijing opposed the Trump administration's ban on imports of some goods from Xinjiang over "forced labor" accusations, adding that those claims represent the "lie of the century."

Meanwhile, the coronavirus pandemic continued to raise concerns among investors as the number of virus-caused deaths crossed 2 million worldwide.

The Nikkei 225 lost 0.62% at the closing bell, while the Kospi in South Korea finished the session plunging 1.86%. The Shenzhen Composite declined 0.05% at 7:30 am CET, the Hang Seng stood flat and the Shanghai Composite added 0.19% at the same time. The S&P/ASX 200 in Australia closed virtually unchanged. The dollar went up by 0.05% against the yen to go for 103.7660 at 7:29 am CET.

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Breaking the News / GA