Asian markets ended lower on Wednesday after US President Donald Trump's speech at the Economic Club of New York failed to provide any information on ongoing trade deal with China. The US president said a significant phase one trade deal with China ‘could happen soon’ but stressed that he would only accept an agreement that is good for US companies and workers. Trump threatened substantially more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Worries about growing unrest in Hong Kong also kept sentiment cautious.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,905.24 | -9.58 | -0.33 |
Hang Seng | 26,571.46 | -493.82 | -1.82 |
Jakarta Composite | 6,142.50 | -38.49 | -0.62 |
KLSE Composite | 1,597.22 | -12.51 | -0.78 |
Nikkei 225 | 23,319.87 | -200.14 | -0.85 |
Straits Times | 3,239.22 | -28.58 | -0.87 |
KOSPI Composite | 2,122.45 | -18.47 | -0.86 |
Taiwan Weighted | 11,467.83 | -52.54 | -0.46 |
