Wednesday 4 July 2018

Asian indices fall given the tension between the US and China

Asian markets ended today's session on negative territory as a result of continuing tensions between the US and China. Chinese commodity duties are expected to enter July 6th on Friday, but the Chinese said they would advance with reciprocal duties, which, though again from July 6th, will become a reality 12 hours earlier due to the time difference.
Duties imposed are reciprocal, on US and Chinese goods worth $ 34 billion.
The Japanese benchmark Nikkei 225 lost 0.31% of its value to 21,717.04 points. Tokyo Electron shares fell by 4.28%.
In China, Shanghai Composite lost 1% of its value and closed at 2,759.13 points. In Hong Kong, HangSeng moved down 1.01% to 28,253.33 points.
On the stock exchange in Australia, the S & P / ASX 200 dropped 0.43 percent to 6,183.39 points. In South Korea, Kospi finished the session with a fall of 0.32% to 2 265.46 points.
Losses in Asia became reality after the fall in US indices yesterday. US markets ended the cut-off session on Tuesday on red because of downs in the technology sector. The Dow Jones industrial average index fell 0.54% to 24 174.82 points, with Apple shares falling by more than 1.5%. The broader S & P 500 ended with a fall of 0.49% to a level of 2,713.22 points.


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