Asian stocks open in red with uncertainty about The Brexit and trade negotiations

2019-03-13 08:43:42 GMT (
Asian stocks open in red with uncertainty about The Brexit and trade negotiations

Asian stocks opened the weeks third session at red on Wednesday, hours after the British Parliament's vote against the revised agreement for the UK's exit from the European Union by 391 votes versus 242 votes. The British Prime Minister expressed regret for that outcome and that voting for an exit without an agreement or extension of Article 50 would not offer alternative solutions and does not lead to the re-referendum on membership of the Union.


The US trade talks between the United States and China have yet to reflect tangible progress towards a trade deal between the two sides. US Trade Representative Robert Lighthizer said yesterday that his country is close to reaching an agreement with China on Currency issues while stressing the importance of maintaining the tariff option to ensure a trade agreement with China.


The United States Trade Representative said that during the negotiations, China was focusing on the disposal of US tariffs and that the proposal was still under consideration, adding that either a very good or bad outcome will be achieved. The time frame for the talks was in the hands of US President Donald Trump, those comments came after a formal call between the representative and the Chinese Vice Premier "Liu He" during which they discussed many issues and developments concerning the trade agreement between the two sides.


Japanese stock indices witnessed a decline during today's trading, with the TOPIX fall of 0.94% to lose (15.09) points reaching 1,590.39, Japan's Nikkei 225 index also fell 1.10% (235.77) points, reaching 21,267.92 points


Chinese stocks were also down, with the CSI 300 shedding 0.78% (29.24 points) reaching 3,726.11. and the Shanghai index fell 0.67% to lose (20.65) points to 3,039.66.


Hong Kong's Hang Seng Index shed 0.47% (136.88 points) to 28,783.99. South Korea's Kospi Index fell 0.98%, shedding 21.11 points to 2,136.07.


To the NZX 50 index of New Zealand shares, which fell by 0.32% to lose 29.91 points reaching 9,367.33, while australia's S & P/ASX 200 index  fell by 0.71%, losing (44.12 points) to reach 6,130.70.

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