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Asian markets end in red on Tuesday

19 Jun 2018 Evaluate

Asian equity markets ended in red on Tuesday as a trade dispute between China and the US intensified and oil turned volatile ahead of a critical meeting of crude-producing nations that will determine whether it's time to ramp up production. Traders eyed looming trade wars after US President Donald Trump threatened new tariffs on $200 billion of Chinese goods and Beijing vowed to ‘immediately’ retaliate. Chinese stocks hit two-year low and the yuan weakened after the Ministry of Commerce vowed to retaliate with ‘strong’ counter measures against US companies, deepening a trade dispute between the world's two biggest economies. Further, Japanese shares posted their biggest single-day loss in three months to reach 2-1/2-week lows as a strong yen amid escalating global trade tensions soured investors' appetite for risk. Meanwhile, Indonesian markets remain closed for Eid-ul-Fitr holiday.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2906.43

-115.47

-3.97

Hang Seng

29468.15

-841.34

-2.86

Jakarta Composite

-

-

-

KLSE Composite

1732.02

-11.44

-0.65

Nikkei 225

22278.48

-401.85

-1.80

Straits Times

3301.35

-22.69

-0.69

KOSPI Composite

2340.11

-36.13

-1.54

Taiwan Weighted

10904.19

-183.28

-1.68

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