Asian markets lower amid trade uncertainty

Wednesday, 23. October 2019 05:12

Asian stocks were mostly in the red on Wednesday despite the reports that Beijing decided to exclude import tariffs on domestic buyers of soybeans from the United States. In Malaysia, authorities are reportedly discussing a fine of up to $3 billion for the Goldman Sachs Group, Inc. because of its executives' alleged involvement in the 1MDB scandal. Meanwhile, Japanese SoftBank Group Corp. officially agreed on a "significant funding" deal with the We Co. from the US.

The Nikkei 225 index was flat at 5:01 am CET. The Shanghai Composite index decreased by 0.14% at 4:47 am CET and the Shenzhen Composite index fell 0.40% at 5:03 am CET. The Hang Seng dropped 0.93% one minute later. In South Korea, Kospi fell 0.56% at 5:05 am CET. The S&P/ASX 200 was 0.26% lower at 5:06 am CET.

The dollar lost 0.16% at 5:08 am CET to for ¥108.3145.

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Breaking the News / MS