Asian markets closed mostly lower on Tuesday. Investors took trade tensions in stride after US President Donald Trump said in an interview with the Wall Street Journal that it was ‘highly unlikely’ he would delay an increase in tariffs on Chinese goods to 25 percent from 10 percent. Trump also suggested that the US could slap 10 percent tariffs on Apple's iPhones and laptops imported from China. Though, Japanese shares rose notably as a strong start to the holiday season spurred optimism about the US economy.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,574.68 | -1.13 | -0.04 |
Hang Seng | 26,331.96 | -44.22 | -0.17 |
Jakarta Composite | 6,013.59 | -9.19 | -0.15 |
KLSE Composite | 1,684.97 | -17.02 | -1.00 |
Nikkei 225 | 21,952.40 | 140.40 | 0.64 |
Straits Times | 3,090.40 | -2.98 | -0.10 |
KOSPI Composite | 2,099.42 | 16.40 | 0.78 |
Taiwan Weighted | 9,778.62 | 13.26 | 0.14 |