Asian shares mostly lower as China worries persist

Thursday, 17. January 2019 07:58

Markets in East Asia and Australia traded mostly in the red after early gains, with concerns over the trade relations between the United States and China reemerging after a report that US federal prosecutors are investigating the Chinese tech giant Huawei for alleged theft of trade secrets from its American partners.

In Japan, the Nikkei 225 decreased by 0.57% at 7:52 am CET. The South Korean Kospi Composite was flat, just 0.04% in the green at 7:33 am CET.

In China, The Shanghai Composite index was down 0.43% at 7:52 am CET, while the Shenzhen Composite lost 0.93% at 7:54 am CET. Hong Kong's Hang Seng slid 0.55% at the same time.

Australia's S&P/ASX 200 added 0.26% at 6:52 am CET.

The dollar weakened 0.16% against the yen and sold for ¥108.8550 at 7:56 am CET.

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Breaking the News / NI