Asian markets ended mostly lower on Wednesday after US markets fell from a record high overnight on the back of mixed earnings reports and President Donald Trump's latest comments about the ongoing US-China trade war. Trump threatened to impose tariffs on another $325 billion worth of Chinese goods, saying the US still has a long way to go to conclude a trade deal with China. Chinese shares ended lower in thin trade on worries over slowing growth and the impact of the Sino-US trade dispute. Besides, Japanese shares closed down as tech stocks followed their US peers lower, offsetting gains in the financial sector. Furthermore, Seoul shares declined sharply as Trump's comments on trade talks with China dashed hopes of a deal anytime soon.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,931.69 | -5.93 | -0.20 |
Hang Seng | 28,593.17 | -26.45 | -0.09 |
Jakarta Composite | 6,394.61 | -7.27 | -0.11 |
KLSE Composite | 1,657.53 | -11.41 | -0.68 |
Nikkei 225 | 21,469.18 | -66.07 | -0.31 |
Straits Times | 3,364.87 | 4.84 | 0.14 |
KOSPI Composite | 2,072.92 | -18.95 | -0.91 |
Taiwan Weighted | 10,828.48 | -57.57 | -0.53 |
