Asia opens mixed after US-China trade deal signing

Economies.com
2020-01-16 03:54AM UTC

Asian stock indices opened the fourth session of the week mixed with Australia, New Zealand, Hong Kong, and South Korea up, while Chinese stocks edged lower after the signing of the first phase of the US-China trade deal.

 

The US administration put in provisions that prevent Huawei from further sales, shedding the light on continuing tensions between both sides.

 

The first stage of the deal stipulate nearly a $360 billion US customs taxes on Chinese goods until the US elections wrap up. 

 

The US Treasury Department also took China off its list of currency manipulating- countries after putting it there in August.  

 

The Department said China has pledged executable commitments to avoid weakening yuan and publish forex information, bolstering yuan versus dollar to six-month highs. 

 

Japan's TOPEX fell 0.05% to 1,730.15, while Nikkei 225 added 0.14% to 23,950.90. 

 

China's CSI 300 inched down 0.3% to 4,154.05, while Shanghai shed 0.24% to 3,082.63. 

 

Hong Kong's Hang Seng rose 0.37%, while South Korea's KOSPI added 0.12% to 2,233.73. 

 

New Zealand's NZX 50 rose 0.57% to 11,742.65, while Australia's S&P/ASX 200 climbed 0.56% to 7,035.60. 

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