MoneyWorks4Me

Asian markets end mostly lower on Tuesday

06 Aug 2019 Evaluate

Asian markets ended mostly lower on Tuesday, with cautious trading over escalating Sino-American tensions after the Trump administration labeled China a currency manipulator and China confirmed it has halted purchases of US farm products. Though, the Yuan stabilized to hold above 7 per dollar, supported by signs that Beijing might not permit a steep depreciation. Japanese shares closed down as the yen strengthened as investors opted for a safe-haven bid amid escalation in the Sino-US trade war.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,777.56
-43.94
-1.56

Hang Seng

25,976.24
-175.08
-0.67

Jakarta Composite

6,119.47
-56.23
-0.91

KLSE Composite

1,611.79

1.38

0.09

Nikkei 225

20,585.31
-134.98
-0.65

Straits Times

3,170.47
-24.04
-0.75

KOSPI Composite

1,917.50
-29.48
-1.51

Taiwan Weighted

10,394.75
-28.66
-0.27

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