Asia trades mixed as Iran concerns send oil higher

Friday, 21. June 2019 04:32

Asian stock indexes were mixed on Friday as geopolitical worries rose. The United States' relations with Iran reached a new low as the two countries got into a dispute over a US drone shot down by Iranian forces. Oil prices soared amid rising tensions, with West Texas Intermediate (WTI) adding more than 5%. Meanwhile, investors also monitored data from Japan. The country's CPI increased by 0.7% in May, while manufacturing activity faltered in June.

Japanese Nikkei 225 dropped 0.25% at 4:26 am CET. South Korean Kospi Composite was down 0.29% at 4:06 am CET

The Shanghai Composite added 0.55% at 4:27 am CET, while the Shenzhen Composite went up by 1.13% at the same time. Hong Kong's Hang Seng was flat at 4:29 am CET.

Australia's S&P/ASX 200 declined by 0.28% at 4:28 am CET.

The US dollar traded 0.11% lower against the yen at 4:30 to go for ¥107.1670.

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Breaking the News / DJ