Asia trades lower as US-China tensions rise

Thursday, 23. July 2020 04:28

Asian stock markets traded lower on Thursday as the tensions between China and the United States regarding the closure of the former's consulate in Houston continued to rise, with the US President Donald Trump saying that additional Chinese diplomatic sites could be closed as well.

The Nikkei 225 was closed due to a national holiday in Japan. The Shanghai Composite decreased by 0.68% at 4:09 am CET and the Shenzhen Composite Index fell by 1.84% at 4:25 am CET. The Hang Seng was 0.18% higher one minute later. The Kospi in South Korea was 0.84% down at 4:27 am CET. The S&P/ASX 200 in Australia gained 0.22% concurrently.

The dollar was flat compared to the Japanese yen at 4:28 am CET, trading for 107.1500.

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Breaking the News / MS