Asia trades lower after Trump's China comments

Thursday, 22. October 2020 04:33

Equities on major stock markets in the Asia-Pacific region traded with losses on Thursday after United States President Donald Trump again described the coronavirus as the "China plague." Furthermore, he claimed that China will "own" the US if Democrat Joe Biden wins the upcoming presidential election. Meanwhile, the US approved arms sales to the territory of Taiwan worth over $1.8 billion in total, likely sparking investors' concerns about yet another issue that would damage relations between Washington and Beijing.

The Nikkei 225 declined 0.78% at 4:30 am CET. The Shanghai Composite decreased by 1.05% at 4:13 am CET and the Shenzhen Composite Index dropped 1.27% at 4:35 am CET. The Hang Seng was down 0.35% at the same time. The Kospi in South Korea fell by 0.75% at 4:36 am CET. The S&P/ASX 200 in Australia lost 0.61% concurrently.

The dollar was 0.11% higher compared to the Japanese yen at 4:37 am CET, trading for 104.7125.

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