Asian stocks mixed as U.S.-China tensions mount

05.06.2020 - Kulakov Vladimir
Asian stocks mixed as U.S.-China tensions mount

Asian stocks were mixed earlier on Friday, slowing down its months-long rally since March.

Hong Kong’s Hang Seng Index rose by 0.12% at 10:38 PM ET (3:38 AM GMT), taking back some lost ground from the previous session.

China’s Shanghai Composite climbed up by 0.05%, while the Shenzhen Component lost 0.12%.

Investors are keeping an eye on the piling tensions between the U.S. and China after Washington on Thursday debated on whether to impose sanctions against entities that were involved with China’s new national security laws.

However, U.S. Trade Representative Robert Lighthizer said overnight that he found the progress of the U.S.-China phase one trade deal to be “very good”.

Japan’s Nikkei also fell by 0.24%, while South Korea’s KOSPI was up 0.67%.

Down Under, the ASX lost 0.09%.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?