Asia tilts lower, eyes fixed on trade deal signing

Economies.com
2020-01-15 04:01AM UTC

Asian stock indices opened the third session of the week mixed but mostly lower, with Japan, China, South Korea down, while Australia and New Zealand edged up ahead of the US-China trade deal signing today. 

 

The US administration will 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 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 0.42% to 1,733.20, while Nikkei 225 shed 0.28% to 23,957. 

 

China's CSI 300 fell 0.42%, while Shanghai shed 0.46% to 3,092.57. 

 

Hong Kong's Hang Seng inched down 0.06% to 28,868.58, while South Korea's KOSPI dipped 0.32% to 2,231.75. 

 

New Zealand's NZX 50 rose 0.19% to 11,647.77, while Australia's S&P/ASX 200 added 0.29% to 6,982.20. 

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