Asian markets ended mostly lower on Friday, followed by heavy selling pressure after a surprise tariff announcement from the United States overnight escalated trade tensions between Washington and Beijing. US President Donald Trump said Thursday that the US is putting 10% tariffs on another $300 billion worth of Chinese goods starting September 1. Japanese shares closed down as US-China trade tensions flared up once again, raising fresh concerns about the outlook for the global economy. Further, Seoul shares declined sharply amid Japan's decision to remove South Korea from a list of countries that enjoy minimum export controls.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,867.84 | -40.93 | -1.41 |
Hang Seng | 26,918.58 | -647.12 | -2.35 |
Jakarta Composite | 6,340.18 | -41.36 | -0.65 |
KLSE Composite | 1,626.76 | -12.31 | -0.75 |
Nikkei 225 | 21,087.16 | -453.83 | -2.11 |
Straits Times | 3,261.11 | -30.64 | -0.93 |
KOSPI Composite | 1,998.13 | -19.21 | -0.95 |
Taiwan Weighted | 10,549.04 | -182.71 | -1.70 |
