Asian stocks mostly lower on fresh trade woes

Tuesday, 03. December 2019 07:31

Asian markets traded lower on Tuesday as trade disputes between the United States and China remained in investors' focus. The latest report said that Beijing plans to introduce an "unreliable entity list" including the US entities while the Chinese government considers blocking US diplomats from visiting Xinjiang province. Meanwhile, United States Commerce Secretary Wilbur Ross warned that Washington will hike tariffs on Chinese goods if the two sides fail to reach the phase one trade deal by December 15.

The Nikkei 225 lost 0.64% by the end of Tuesday's session, as well as the Kospi in Seoul that finished trading with losses of 0.38%. Meanwhile, China's markets were mixed. The Hang Seng slid 0.22% at 7:30 am CET, the Shanghai Composite increased 0.07% at 7:15 am CET, while the Shenzhen Composite added 0.33% at 7:30 am CET. The S&P/ASX 200 in Australia plunged 2.19% at the closing bell.

The dollar gained 0.19% against the yen to go for 109.1675 at 7:30 am CET.

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Breaking the News / GA