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 |