Asian stocks closed mostly lower on Tuesday and safe-haven assets such as gold and the yen rose as renewed trade tensions, a sharp fall in crude oil prices and another sell-off in US technology stocks rattled investors. Chinese shares ended lower on concerns that the Chinese retaliatory tariffs could dampen market confidence and hurt economic growth. Further, Japanese shares closed lower, dragged down by exporters and technology stocks. Though, Hong Kong stocks reversed earlier losses and ended higher, led by gains in consumer goods makers, although caution prevailed amid escalating trade tensions after Beijing unveiled retaliatory trade measures against the United States.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,136.63 | -26.55 | -0.84 |
Hang Seng | 30,180.10 | 86.72 | 0.29 |
Jakarta Composite | 6,229.01 | -11.56 | -0.19 |
KLSE Composite | 1,850.78 | -7.57 | -0.41 |
Nikkei 225 | 21,292.29 | -96.29 | -0.45 |
Straits Times | 3,412.15 | -18.61 | -0.54 |
KOSPI Composite | 2,442.43 | -1.73 | -0.07 |
Taiwan Weighted | 10,821.53 | -66.74 | -0.61 |
