Asian markets closed in red on Wednesday after White House chief economic adviser Gary Cohn, an advocate for free trade, resigned from the Trump administration, raising concerns that Trump will go ahead with his plan to impose tariffs and risk a trade war. Further, worries about the potential impact of a trade war overshadowed easing geopolitical concerns after North Korea said it is willing to talk about denuclearization. Japanese shares closed lower as steelmakers extended recent losses on trade tariff worries.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,271.67 | -17.97 | -0.55 |
Hang Seng | 30,196.92 | -313.81 | -1.03 |
Jakarta Composite | 6,368.27 | -131.84 | -2.03 |
KLSE Composite | 1,837.90 | -10.47 | -0.57 |
Nikkei 225 | 21,252.72 | -165.04 | -0.77 |
Straits Times | 3,450.69 | -41.23 | -1.18 |
KOSPI Composite | 2,401.82 | -9.59 | -0.40 |
Taiwan Weighted | 10,745.32 | -39.02 | -0.36 |
