Asian markets ended mixed on Monday as worries about rising trade tensions stoked fears of a global recession. In addition to the US-China trade war, US President Donald Trump's decision to impose tariffs on all Mexican imports weighed on investor sentiment. On June 02, China published a white paper that said the US should take responsibility for the setback in the US-China trade talks. The paper accused the US of being an untrustworthy negotiator and backtracking on its commitments in trade negotiations. Chinese shares ended modestly lower as worries about US-China trade tensions more than offset data that showed China's manufacturing activity continued to log moderate growth in May. The Caixin Purchasing Managers' Index came in at 50.2 in May, unchanged from the previous month. The reading was forecast to remain stable at neutral 50.0. Meanwhile the Indonesia market is closed all week in observance of Eid-ul-Fitr.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,890.08 | -8.62 | -0.30 |
Hang Seng | 26,893.86 | -7.23 | -0.03 |
Jakarta Composite | - | - | - |
KLSE Composite | 1,655.31 | 4.55 | 0.28 |
Nikkei 225 | 20,410.88 | -190.31 | -0.92 |
Straits Times | 3,123.46 | 5.70 | 0.18 |
KOSPI Composite | 2,067.85 | 26.11 | 1.28 |
Taiwan Weighted | 10,500.07 | 1.58 | 0.02 |
