Asian stock markets are mixed, and the US-China trade war has become the focus

Asian stock markets are mixed, and the US-China trade war has become the focus

As the US-China trade war may be upgraded later today, the Asian market was mixed in the early trading day of this week.

The Nikkei 225 index fell 1% in early trading. According to an article in the Wall Street Journal, US President Donald Trump has suggested to columnist James Freeman that Japan may become the next generation of US trade.

South Korea’s Kospi recovered from its earlier decline, but still fell 0.43%, with chip maker SK hynix falling 4.19% after the recent US tech stocks sold off.

Downside, the ASX 200 continued to fall by a 0.87% downtrend.

The Greater China stock index reversed the overall trend sharply in the morning, and the Hong Kong Hang Seng Index fell 0.88%. The Shanghai Composite Index fell by 0.13%, while the Shenzhen Composite Index rose by 1.275%.

As the two sides seek an agreement on the future of the North American Free Trade Agreement, negotiations between the United States and Canada are still ongoing. Negotiations are expected to continue and may last for several weeks.

Since there are reports that the Trump administration may impose tariffs on Chinese goods worth US$200 billion immediately after the end of the public comment period, the ongoing US-China trade war may also escalate in the already tense relationship between the two economic powers. 12 noon HK / SIN today. The Chinese Ministry of Commerce said that if the United States imposes new tariffs, the country will take revenge.

The US dollar index tracking the US dollar against a basket of currencies was at 11.15am last Sunday and the Hong Kong/Tianjin Times was at 95.032.

The yen exchange rate rose slightly against the dollar, but still rose to 110.58 while the Australian dollar fell to 0.7188 against the US dollar, as of 9:50 am HK / SIN.