Global Market News

ASIA ECONOMICS: Asian Shares Plunge on Hong Kong, Trade Tensions


Last updated: 08/13/2019 07:13:59

07:13 AM EDT, 08/13/2019 (MT Newswires) -- Stock markets across the Asia-Pacific region closed deep in the red on Tuesday, following losses on Wall Street, amid worries about social unrest in Hong Kong and ongoing trade tensions between the U.S. and China, said Trading Economics. Beijing said in a statement on Monday that nonviolent protests in Hong Kong were "beginning to show the sprouts of terrorism" and were an "existential threat" to the population. The Nikkei 225 slumped 1.1% to 20,455; the Shanghai Composite index fell 0.6% to 2,797; the Hang Seng index lost 1.8% to 25,359; the Kospi dropped 0.9% to 1,926; and the S&P/ASX 200 finished 0.3% lower at 6,569.
Copyright © 2019 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.

Quotes displayed with 15 minutes delay. Market data provided by ICE Data Services ICE Limitations. Powered and implemented by FactSet. Legal Statement. News provided by MT Newswires, a Division of MidnightTrader, Inc. Hemscott equity data provided by Morningstar, Inc. Earnings Calendar and Events Data provided by Wall Street Horizon. © 2018 Wall Street Horizon, Inc.