Asian stocks mixed as US adds new China measures

Thursday, 03. December 2020 03:36

Major stock market indexes in the Asia-Pacific region traded mixed as mainland China stocks suffered after the United States introduced an import ban on a Chinese company over alleged slave labor in Xinjiang and the US House of Representatives passed a bill on delisting Chinese stocks from US exchanges which President Donald Trump is expected to sign. Meanwhile, economic data showed a surge in Chinese service sector activity and a contraction in Japan's business activity in November.

The Nikkei 225 was flat at 3:28 am CET as the dollar lost 0.05% against the yen to go for 104.4545 at 3:32 am CET.

The Shanghai Composite lost 0.45% at 3:28 am CET and the Shenzhen Composite was down 0.29% at 3:29 am CET. Hong Kong's Hang Seng gained 0.20% at 3:30 am CET.

Meanwhile, South Korea's Kospi increased by 0.19% at 3:31 am CET and the Australian S&P/ASX 200 traded 0.32% higher at the same time.

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Author:
Breaking the News / VP