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Asian stocks mixed after U.S. President withdraws China threat

Asian stocks

Asian stock markets were mixed Thursday after U.S. President Donald Trump withdrew a threat to declare China a currency manipulator. Trump’s comment that the U.S. dollar was getting too strong helped push the yen higher, hurting Japanese exporters’ shares.

Tokyo’s Nikkei 225 fell 1.0 per cent to 18,362.43 and Hong Kong’s Hang Seng lost 0.1 per cent to 24,296.85. The Shanghai Composite Index edged 0.1 per cent higher to 3,277.88. Sydney’s S&P-ASX 200 retreated 0.8 per cent to 5,885.50 while Seoul’s Kospi added 0.4 per cent to 2,137.05. Benchmarks in Taiwan and Jakarta gained, while Singapore and New Zealand slipped.

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Paul

The author Paul