Asian markets mixed amid geopolitical worries over Iran

Friday, 21. June 2019 08:01

Asian markets traded mixed on Friday as tensions between the United States and Iran surged after Tehran downed a US drone which it says was in its airspace, but Washington claims it was shot down in international airspace in the Strait of Hormuz. President Donald Trump even ordered strikes on Iran as a response, but withdrew his decision minutes before any targets were hit. Meanwhile, sentiment in China improved slightly as news emerged that its trade talks with the US will resume.

As uncertainties rose, gold hit $1,400 for the first time since September 2013 and the dollar declined against the Japanese yen, which is a traditional investor safe haven.

The Nikkei 225 fell 1.02% at 7:53 am CET.

As protests in Hong Kong resumed on Friday, the Hang Seng lost 0.45% at 7:54 am CET. In mainland China, the Shanghai Composite and the Shenzhen Composite rose 0.33% and 0.52%, respectively, both at 7:55 am CET.

South Korea's Kospi lost 0.34% at 7:56 am CET and Australia's S&P/ASX 200 decreased by 0.55% at the same time.

The greenback was 0.08% lower compared to the yen at 7:57 am CET, trading at 107.2150.

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Author:
Breaking the News / VP