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Asian markets end mostly lower on Tuesday

03 Jul 2018 Evaluate

Asian equity markets ended mostly lower on Tuesday amid rising US-China trade frictions after the US moved to block China Mobile from entering its telecommunications market on national security grounds. Japanese shares closed near three-month lows as the July 6 deadline loomed for the Trump Administration's planned imposition of tariffs. However, Chinese stocks reversed steep losses to finish on a positive note and the yuan pared losses after sliding through 6.7 per dollar on expectations of intervention from policymakers to halt a rout.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,786.35

10.79

0.39

Hang Seng

28,545.57

-409.54

-1.43

Jakarta Composite

5,633.94

-112.83

-2.00

KLSE Composite

1,680.37

-4.68

-0.28

Nikkei 225

21,785.54

-26.39

-0.12

Straits Times

3,235.90

-3.04

-0.09

KOSPI Composite

2,272.76

1.22

0.05

Taiwan Weighted

10,715.72

-62.22

-0.58