Stock & Shares

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.

Risk Warning:

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.


The author Paul