Asia mixed after Biden's Chinese firms investing ban

Friday, 04. June 2021 07:26

Major stock markets in the Asia-Pacific region traded mixed on Friday after United States President Joe Biden introduced a ban on American investments in 59 Chinese companies on the grounds their operations "undermine the security" of Washington and its allies. Earlier, the European Commission recommended lifting restrictions on non-essential travel from Japan, South Korea, and China, among other countries, after the situation concerning COVID-19 in those territories calmed.

The Nikkei 225 lost 0.33% at 7:21 am CET as the dollar stood flat against the yen, selling for ¥110.2555. At the same time, South Korea's Kospi declined by 0.16%. Australia's S&P/ASX 200 rose by 0.50% at 7:23 am CET.

In mainland China, the Shanghai Composite gained 0.09% at 7:10 am CET, while the Shenzhen Composite advanced by 0.74%. Meanwhile, Hong Kong's Hang Seng stood flat at 7:26 am CET.

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Breaking the News / JR