Asia opens the week mixed

2020-08-10 08:05:32 GMT (Economies.com)
Asia opens the week mixed

Asian stock indices opened the first session of the week mixed with China in particular mixed while Australia and South Korea rose, as New Zealand and Hong Kong lost ground, while Japan shuts down for a bank holiday and as investors price in mounting US-China tensions. 

 

Earlier New Zealand data showed the business confidence index fell to minus 42.4 from 31.8. 

 

Earlier Chinese data showed consumer prices rose 2.7% in July, up from 2.5% in June, while producer prices fell 2.4%. 

 

Earlier, US President Donald Trump signed executive orders banning Americans in 45 days from dealing with TikTok or WeChat, described as "untrustworthy" and a "security risk". 

 

A total ban on TikTok is promised by Trump soon, while Chinese reports indicated the US has expelled over 60 Chinese journalists in the past few weeks. 

 

US-China officials will conduct talks on August 15 to review the first phase of the trade deal amid frayed relations between both sides. 

 

China's CSI 300 inched down 0.11% to 4,702, while Shanghai rose 0.43% to 3,368. 

 

Hong Kong's Hang Seng slipped 0.27%, while South Korea's KOSPI rose 1.1% to 2,377. 

 

Australia's S&P/ASX 200 rose 1.43%, while New Zealand's NZX 50 inched down 0.04% to 11,641. 

 
 
 
  Symbol Last Change Chg.%
1.1724
0.0053
0.4511%
1.2919
0.0051
0.3998%
Tadawul
8299.08
16.57
0.20%
23.239
-0.117
0.499%
39.853
-0.437
1.085%
40.95
-0.08
0.19%
1885.800
13.105
0.700%
 
 
US
 
Europe
 
Asia