Asian stocks fall as Trump says trade deal with China may be delayed
Asian Stocks mostly slipped on Wednesday after U.S. President Donald Trump said overnight that he may delay a trade deal with China till after the 2020 U.S. presidential election.
- In Japan, the Nikkei 225 fell 1.05% to close at 23,135.23 as shares of index heavyweight Fast Retailing plummeted 5.21%.
- The Topix index also declined 0.2% to end its trading day at 1,703.27.
- Mainland Chinese stocks were mixed on the day, with the Shanghai composite down 0.23% to about 2,878.12 while the Shenzhen component was up 0.31% to 9,687.95.
- The Shenzhen composite also rose 0.199% to approximately 1,608.52.
- Hong Kong’s Hang Seng index declined 1.16%, as of its final hour of trading.
- The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.765 after falling from levels above 97.9 seen earlier.
- The Japanese yen traded at 108.50 against the dollar after strengthening from lows around 109.2 yesterday.
- The Australian dollar changed hands at $0.6823 after slipping from an earlier high of $0.6853.
- Oil prices were up in the afternoon of Asian trading hours, with international benchmark.
- Brent crude futures adding 0.72% to $61.26 per barrel.
- U.S. crude futures also gained 0.66% to $56.47 per barrel.