Stocks in Asia higher amid rumors of tariff removal

Freitag, 18. Januar 2019 04:41

Stock markets in Asia traded higher on Friday following the rumors of the possible removal of United States tariffs on China's imports. Officials in Beijing announced electric car maker Tesla Inc. is withdrawing over 14,000 of its vehicles from the country due to an issue concerning airbags. Meanwhile, Japan's Nissan Motor stated it will be cutting up to 700 contract workers at its Mississippi plant.

The Shanghai Composite index was 0.79% in the green at 4:30 am CET, while Shenzhen Composite gained 0.63% at 4:36 am CET. Hong Kong's Hang Seng rose 1.04% at 4:40 am CET. In Tokyo, Nikkei 225 jumped 0.88% at the same time. The South Korean Kospi Composite increased 0.61% at 4:19 am CET. The S&P/ASX 200 was up 0.10% in Australia at 4:39 am CET.

The dollar traded 0.10% higher against the yen and sold for ¥109.3450 at 4:40 am CET.

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