Asia mixed after news of possible tariffs delay

Wednesday, 11. December 2019 07:19

Equities in Asia traded mixed on Wednesday after a report said that the United States and China might be delaying tariffs on each other's goods which are set to take effect on December 15. Acting White House Chief of Staff Mick Mulvaney also confirmed that the negotiations between the two countries are moving in a "pretty good" direction. Meanwhile, White House economic adviser Larry Kudlow and White House Trade Adviser Peter Navarro stated that there still wasn't a final decision on the tariffs and that it will be up to the US President Donald Trump.

The Nikkei 225 closed 0.08% in the red, while Australia's S&P/ASX 200 jumped 0.68% at the end of trading. In South Korea, the Kospi Composite added 0.39% at 7:17 am CET. Over in China, the Shanghai Composite grew 0.34% at 7:18 am CET while the Shenzhen Composite lost 0.60%. Hong Kong's Hang Seng rose 0.66% at the same time.

The dollar stood flat against the yen at 7:19 am CET, going for ¥108.750.

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