Asian stocks mixed; new US-China tariffs into effect

Asian stocks were mixed on Monday afternoon as new U.S. and China tariffs went into effect over the weekend.

Asian stocks

• MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.24%,
• Shenzhen component was up 1.69%. The Shenzhen composite also gained 1.728%.
• Elsewhere, the Nikkei 225 in Japan shed 0.35%, while the Topix index also fell 0.37%.
• Over in South Korea, the Kospi rose 0.2%.
• Australia’s S&P/ASX 200traded 0.46% lower.

Currency Markets

• Dollar dipped little against the yen to 106.12 yen.
• Euro was almost flat at $1.09905.

Commodities

• Oil prices fell on Monday.
• Brent crude futures fell 0.37%  to $59.03 a barrel while U.S. West Texas Intermediate (WTI) crude futures were almost flat at $55.15.