Asian stocks mostly lower amid trade tensions

Tuesday, 09. July 2019 07:46

Stocks in Asia traded mostly lower on Tuesday as investors focused on global trade tensions. The United States announced plans to impose additional tariffs on steel imports from China and Mexico after determining the two countries gave their exporters countervailable subsidies, while Japan rejected Seoul's call to scrap the newly introduced trade restrictions which mostly affect exports of materials used in the production of electronic displays and microchips to South Korea.

In China, the Shanghai Composite declined 0.48% at 7:42 am CET and the Shenzhen Composite was down 0.40% at 7:28 am CET. Hong Kong's Hang Seng fell 0.79% at 7:44 am CET.

South Korea's Kospi lost 0.32% at 7:24 am CET and Australia's S&P/ASX 200 decreased by 0.18% at 7:44 am CET.

Meanwhile, the Nikkei 225 added 0.07% at 7:41 am CET. The dollar gained 0.05% against the yen to sell for 108.779 at 7:45 am CET.

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Breaking the News / NP