Asian shares mixed on US-China trade friction

Friday, 22. March 2019 08:29

Stock indexes were ending the trading session little changed in Asia on Friday, compared to the upbeat sentiment since the latest jump on Wall Street, though equities were still near notable highs. Caution was evident amid the Brexit unknowns and reports that the United States is increasing pressure in the bilateral talks with China. Furthermore, Japan's headline inflation remained at the lowest level in more than two years and manufacturing data indicated additional contraction. Spot prices of precious metals turned higher on risk aversion and Japan's ten-year sovereign bond yields fell to as low as 0.073% below zero for the first time since September 2016.

The Nikkei 225 index finished 0.09% higher in Tokyo. The dollar was marginally lower at ¥110.761 and 6.70452 offshore yuan at 8:27 am CET. Gold rose 0.21% to $1,312.27 per ounce.

In the most populous nation, the Shanghai Composite was 0.09% in the green at the closing bell and the Shenzhen Composite added 0.2%. The Hang Seng was 0.2% in negative territory in Hong Kong at 8:13 am CET. South Korea's Kospi gained 0.09% and the Australian S&P/ASX increased 0.45% for the day.

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