Asia mostly down as US-China spat continues

Thursday, 06. August 2020 04:44

Major stock market indexes in Asia traded mostly lower on Thursday amid the ongoing tensions between the United States and China. US Secretary of State Mike Pompeo had criticized Beijing earlier, claiming tide is turning against the Chinese Communist Party.

Meanwhile, reports suggested US operations of ByteDence's TikTok app will likely be divested to American tech giant, Microsoft, for $30 billion in President Donald Trump's bid against the Chine-owned app.

In mainland China, the Shenzhen Composite decreased 1.11% at 4:40 am CET, with the Shanghai Composite losing 0.5% a minute later. At 4:41 am CET, Hong Kong's Hang Seng went 1.44% down, as South Korea's Kospi added 0.75%. Japan's Nikkei 225 declined 0.33% at 4:30 am CET. The dollar, fell 0.05% against the yen, going for ¥105.5515 at 04:43 am CET, with the Australian S&P/ASX 200 rising 0.28% at the same time.

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Breaking the News / NL