Asian markets ended mostly lower on Tuesday amid escalating US-China trade dispute after the countries slapped fresh tariffs on each other's exports over the weekend. Uncertainty surrounding the much-awaited trade talks between the US and China as well as the prospect of more Brexit-related market turmoil too kept investors anxious. After a new round of tariffs took effect over the weekend, investors waited to see if Chinese and American officials will begin the next round of trade talks this month to resolve the trade war. South Korean shares slipped as investors digested inflation and GDP data. Annual inflation dipped to a record low in August and the Bank of Korea revised down the economic growth for the April-June period to 1% sequentially from a 1.1% gain reported earlier, strengthening the case for another central bank rate cut as early as next month. Meanwhile, Chinese shares ended higher, helped by tech firms as investors cheered Beijing’s push for tech independence amid the bruising trade war with US.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,930.15 | 6.04 | 0.21 |
Hang Seng | 25,527.85 | -98.70 | -0.39 |
Jakarta Composite | 6,261.59 | -28.96 | -0.46 |
KLSE Composite | 1,591.52 | -20.62 | -1.28 |
Nikkei 225 | 20,625.16 | 4.97 | 0.02 |
Straits Times | 3,090.63 | 7.67 | 0.25 |
KOSPI Composite | 1,965.69 | -3.50 | -0.18 |
Taiwan Weighted | 10,558.21 | -76.64 | -0.72 |
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