Asian equities trade mixed as trade tensions continued

Thursday, 17. October 2019 07:56

The stocks in Asian markets traded mixed as the relations between China and the United States remain complicated. US Secretary of the Treasury Steve Mnuchin said the talks are currently on hold since Chinese officials haven't sent an invitation for the negotiations that should lead to sealing the "phase one" agreement. Beijing, on the other hand, accused the US of breaching the Vienna Convention on Diplomatic Relations by obligating Chinese diplomats to notify hosts in advance of any meetings with state officials. Meanwhile, the situation in Hong Kong remains tense after opposition obstructed Chief Executive Carrie Lam's session during the Parliament discussion.

The Nikkei 225 stocks traded in green gaining 0.07% at the 7:43 am CET while the Hang Seng was up 0.65%. The Shenzhen Composite and the Shanghai Composite jumped 0.22% and 0.05% respectively at the same time. The greatest losses recorded the S&P/ASX 200 equities that slipped 0.77%. The Kospi also traded in red decreasing 0.44%.

The dollar was flat against the Japanese yen at 7:55 am CET, changing hands for ¥108.7385.

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Breaking the News / GA