Asian stocks ended mixed on Tuesday as rising trade tensions and the sell-off in emerging market currencies, particularly in Argentina and Turkey, kept investors in a defensive mode. Japanese shares ended lower in choppy trade as lingering global trade concerns saw investors staying on the sidelines. US President Donald Trump gave fresh impetus to trade worries at the weekend when he said there was no need to keep Canada in the North American Free Trade Agreement and warned Congress not to meddle with the trade talks. On economic front, Japanese companies' capital spending increased the most in more than a decade in April to June period, data from the Finance Ministry revealed. Capital spending surged 12.8 percent year-on-year in the June quarter, faster than the 3.4 percent increase a quarter ago. This was the strongest growth since 2007. Meanwhile, Chinese shares ended lower, as investors hunted for bargains in beaten-down real estate and banking stocks, but the threat of US tariffs on $200 billion worth of imported Chinese goods still clouded the market.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,750.58 | 29.85 | 1.09 |
Hang Seng | 27,973.34 | 260.80 | 0.93 |
Jakarta Composite | 5,905.30 | -62.28 | -1.05 |
KLSE Composite | 1,812.76 | -0.82 | -0.05 |
Nikkei 225 | 22,696.90 | -10.48 | -0.05 |
Straits Times | 3,210.51 | 3.31 | 0.10 |
KOSPI Composite | 2,315.72 | 8.69 | 0.38 |
Taiwan Weighted | 11,021.38 | 57.16 | 0.52 |
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