Asian stocks jump despite US-China tensions

Wednesday, 16. October 2019 08:16

The majority of Asian markets traded in the green despite the ongoing tensions in US-China relations and the fact that Unites States lawmakers passed a bill that seeks to consider whether Hong Kong should be treated as a separate entity in trade. The Chinese government condemned the move made by the US and recognized it as an "interference with China's internal affairs." Previously, even though US President Donald Trump announced two sides had reached agreement on phase one of the trade deal, but China requested extended talks and said it is "willing to work together with the US in the direction of the final agreement."

The Nikkei 225 rose 0.12% at 8:14 am CET while the S&P/ASX 200 gained 1.42% at the same time. The Hang Seng traded in the green increasing 0.09%. The Kospi was up 0.54% at 8:03 am CET, while the Shanghai Composite and the Shenzhen lost 0.30% and 0.12% respectively.

The Japanese yen lost 0.16% against the US dollar 108.6840 at 8:13 am CET.

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Breaking the News / GA