Asian shares trade lower after Trump signs HK bill

Thursday, 28. November 2019 07:27

Equities on Asian markets traded lower on Thursday after United States President Donald Trump signed the controversial Hong Kong bill into law, with the aim of reaching "long term peace and prosperity for all." Ministry of Foreign Affairs in Beijing criticized the move by the American president and warned that China would retaliate, without revealing further details.

In Japan, the Ministry of Economy, Trade, and Industry reported that retail sales plunged 7.1% in October year-on-year, while Nissan Motor Co. announced a $300 million (¥33 billion) investment into electric car technologies.

The Nikkei 225 index decreased by 0.12% at the close. The Shanghai Composite declined 0.52% at 7:04 am CET and the Shenzhen Composite Index was 0.46% lower at 7:19 am CET. The Hang Seng lost 0.14% at 7:18 am CET, while the Kospi fell 0.38% one minute later. The S&P/ASX 200 in Australia increased by 0.20% at 4:33 at the closing bell.

The dollar dropped 0.06% compared to the yen, going for 109.4780 at 7:23 am CET.

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Breaking the News / MS