Asian shares pull back on report U.S. may sanction Chinese officials

Asian shares were mostly lower following a report that the U.S. is preparing to slap sanctions on a dozen more Chinese officials, ratcheting up tensions with Beijing.

Asian shares

  • After a strong start, Asian shares fell back, especially in China. Hong Kong’s Hang Seng HSI, -1.22% dropped 1.7%.
  • The Shanghai Composite index SHCOMP, -0.82% sank 0.7% and the smaller-cap Shenzhen Composite 399106, -0.29% edged down 0.1%.
  • The Nikkei 225 NIK, -0.76% in Tokyo lost 0.6%.
  • South Korea’s Kospi 180721, +0.51% inched up 0.2% and in Australia.
  • S&P/ASX 200 XJO, +0.62% added 0.6%. Stocks fell in Singapore STI, 0.11%, but rose in Taiwan Y9999, +0.88% and Indonesia JAKIDX, 1.87%.

Oil Prices

  • In other trading, U.S. benchmark crude oil CLF21, -0.63% lost 23 cents to $46.03 per barrel in electronic trading on the New York Mercantile Exchange.
  • It gained 62 cents to $46.26 per barrel on Friday.
  • Brent crude BRNG21, -0.51%, the international standard, declined 23 cents to $49.02 per barrel.

Currency Markets

  • The U.S. dollar USDJPY, -0.04% slipped to 103.98 Japanese yen from 104.16 yen on Friday.