Asia trades mixed with US-China dispute in focus

Tuesday, 07. July 2020 07:31

Equities on major stock markets in the Asia-Pacific region were mixed on Tuesday with investors focusing on the tension between Washington and Beijing. United States Secretary of State Mike Pompeo blasted China for passing "draconian" National Security Law in Hong Kong, claiming it allows "Orwellian assaults on the rights and freedoms of the Hong Kong people." Furthermore, according to White House Chief of Staff Mark Meadows, US President Donald Trump is set to sign an executive order to "reset the balance" between the two countries.

The Shanghai Composite and the Shenzhen Composite jumped 1.55% and 3.15% at 7:30 am CET, respectively. A minute later, the Nikkei 225 lost 0.62%, the Hang Seng slid 0.51% and the Kospi in Seoul fell 0.70%. The S&P/ASX 200 went up by 0.47% at 7:29 am CET.

The greenback added 0.06% against the yen, trading for 107.4250 at 7:30 am CET.

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