Asia trades lower as Iran tensions rise

Monday, 22. July 2019 04:32

Asian markets traded lower on Monday as a dispute between Iran and the United Kingdom led to geopolitical concerns. Iran seized a British oil tanker on Friday, prompting the promise of a "robust" response from UK Foreign Minister Jeremy Hunt. Meanwhile, reports emerged that China signed a secret deal to gain exclusive rights to a Cambodian naval base, following accusations from United States National Security Advisor John Bolton that Beijing "threatens regional peace and stability."

The Nikkei 225 traded 0.26% lower at 4:28 am CET, while the South Korean Kospi Composite was down just 0.08% at 4:08 am CET.

In China, the Shanghai Composite jumped 1.11% at 4:26 am CET, while the Shenzhen Composite declined by 0.63% at the same time Hong Kong's Hang Seng lost 0.75% at 4:30 am CET.

Australia's S&P/ASX 200 was up by 0.09% at 4:30 am CET.

The dollar traded 0.23% higher against the yen, to go for ¥107.9655 at 4:31 am CET.

Related Links: 
Author:
Breaking the News / DJ