Asian stocks mixed amid US-China tensions

Tuesday, 07. July 2020 03:46

Shares on major stock markets in Asia were mixed on Tuesday after White House Chief of Staff Mark Meadows said United States President Donald Trump wants to sign an executive order on China to "reset the balance" between Washington and Beijing. Meanwhile, major tech companies announced they will no longer provide user data to the authorities of Hong Kong over concerns the recently passed national security law.

In China, the Shanghai Composite increased 0.34% at 03:44 am CET while the Shenzhen Composite gained 0.43% a minute later. Hong Kong's Hang Seng slipped 0.12% at the same time.

Japan's Nikkei 225 fell 0.70% at 03:39 am CET. The dollar was flat against the yen to change hands for 107.3225 at 3:44 am CET.

In South Korea, the Kospi Composite lost 0.21% at 03:26 am CET, while Australia's S&P/ASX 200 remained unchanged at 03:46 am CET.

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Breaking the News / MD