Asian markets mostly up amid US-China tensions

Wednesday, 15. July 2020 04:35

Equities on Asian markets traded mostly higher on Wednesday amid rising tensions between the United States and China regarding Beijing's decision to pass the Hong Kong National Security Law. Earlier, US President Donald Trump announced he signed a bill rebuking China over the legislation, which Beijing deemed "blatant irreverence" in the country's personal affairs, threatening retaliation.

The dollar traded 0.01% higher against the yen, going for 107.2490 at 04:31 am CET. At 4:32 am CET, Hong Kong's Hang Seng went up by 0.35%, as South Korea's Kospi increased by 0.88%. The Australian S&P/ASX 200 traded 1.43% higher a minute later, with Japan's Nikkei 225 gaining 1.44% at 4:30 am CET.

In mainland China, however, the Shenzhen Composite lost 0.83% at 4:33 am CET, with the Shanghai Composite declining by 0.71% a minute later.

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Breaking the News / NL