Asian markets down after US natl emergency

Thursday, 16. May 2019 04:15

Asian markets traded lower on Thursday following reports that United States President Donald Trump declared a national emergency to protect US networks from foreign espionage. The White House also blacklisted Huawei and its affiliates as it believes the Chinese giant is a danger to US national security. Investors also took in reports that Trump would delay imposing tariffs on auto imports for up to six months.

China's Shanghai Composite was down 0.21% at 4:03 am CET. Shenzhen Composite also went down 0.46% at the same time.

South Korean Kospi Composite was down 0.83% at 4:04 am CET.

Japanese Nikkei 225 traded 0.69% lower at 4:06 am CET. The dollar traded 0.18% lower against the yen, to go for 109.3945 at 4:04 am CET.

Hong Kong's Hang Seng traded 0.58% lower at 4:06 am CET.

Australia's S&P/ASX 200 went up 0.20% at 4:07 am CET.

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Author:
Breaking the News / KP