Asia mostly up despite US-China tensions

Thursday, 28. May 2020 04:12

Equities on Asian markets traded mostly higher on Thursday despite the rising tensions between Washington and Beijing over China's intent to pass the Hong Kong national security law. US Department of State accused the Asian nation of using the COVID-19 crisis to advance its political agenda, as the legislation aims to allow Beijing to override local government in Hong Kong. Meanwhile, the US House passed a bill calling for sanctions against China over the alleged mistreatment of Muslims in a region of the country.

Japan's Nikkei 225 added 2.02% at 4:06 am CET, with the dollar gaining 0.07% against the yen, going for ¥107.7955 at 4:04 am CET.

In mainland China, the Shanghai Composite inched 0.63% higher at 4:02 am CET, as the Shenzhen Composite went up by 0.26% a minute later. Hong Kong's Hang Seng, however, fell by 0.24% at 4:05 am CET.

In South Korea, Kospi Composite increased by 0.86% at 4:05 am CET, with the Australian S&P/ASX 200 rising 2.31% at 4:02 am CET.

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Breaking the News / NL