Asian shares ended mostly lower on Monday amid concerns over escalating Sino-US trade war and its impact on global economic growth. A new round of tariffs by the world's two largest economies took effect over the weekend. US tariffs on about $112 billion worth of Chinese imports went into effect on Sunday, while China started to impose retaliatory tariffs on some of the $75 billion worth of US goods it has targeted. Japanese shares ended lower, while the safe-haven yen strengthened after the US and China put additional tariffs on each other's exports over the weekend. Meanwhile, the Malaysian market was closed on Awal Muharram.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,924.11 | 37.87 | 1.31 |
Hang Seng | 25,626.55 | -98.18 | -0.38 |
Jakarta Composite | 6,290.55 | -37.92 | -0.60 |
KLSE Composite | - | - | - |
Nikkei 225 | 20,620.19 | -84.18 | -0.41 |
Straits Times | 3,082.96 | -23.56 | -0.76 |
KOSPI Composite | 1,969.19 | 1.40 | 0.07 |
Taiwan Weighted | 10,634.85 | 16.80 | 0.16 |
