Asian markets mixed after report China will tackle trade war impact

Wednesday, 11. September 2019 07:35

Markets across Asia traded mixed later in the session on Wednesday after Hu Xijin, the editor-in-chief at China's Global Times, said that Beijing will "introduce important measures to ease the negative impact of the trade war."

These measures, he explained, will "benefit some companies from both China and the US."

In China, the Shanghai Composite declined 0.18% at 7:28 am CET and the Shenzhen Composite dropped 0.78% at 7:29 am CET. At the same time, Hong Kong's Hang Seng surged 1.76%. Japan's Nikkei 225 climbed 0.87% at 7:10 am CET after Prime Minister Shinzo Abe announced his Cabinet reshuffle.

In South Korea, the Kospi Composite gained 0.60% at 7:11 am CET, while Australia's S&P/ASX 200 added 0.12% at 7:31 am CET.

The dollar climbed 0.26% against the yen to sell for 107.830 at 7:32 am CET.

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