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Asian stock markets fell amid fears of an escalating trade war

2019-07-18 06:42 am | Resource: الاخبار | No Views : 48

Asian stock markets fell amid fears of an escalating trade war
 
Asian markets retreated Thursday, led by a sharp drop in Chinese and Japanese stocks as investors remained uncertain about global trade after a report said Beijing-Washington trade negotiations had been stalled by the blacklisted Huawei. in the United States. Meanwhile, Japanese data showed that the country's exports fell by 6.7% in June.

South Korea: Preparations for US training begin

SEOUL - South Korea and the United States will conduct military exercises in Dongmeng 19-2 regardless of North Korea's warnings, a Defense Ministry spokesman said on Thursday, adding preparations were already under way.

The exercises of Dong Maeng 19-2 are supposed to replace maneuvers that were canceled as goodwill gestures to North Korea. Earlier, North Korea said that if South Korea and the United States continued training, the move could have a negative impact on nuclear disarmament talks.

Japan's exports are down 6.7% year-on-year in June

Japan's goods exports fell 6.7% in June from a year earlier, according to an interim report by the Ministry of Finance on Thursday. The decline was sharper than expected, with analysts putting it at 5.4%. Imports fell by 5.2%, compared to a projected decline of only 0.2%.

The trade balance reached 589.5 billion yen, down 19 percent year-on-year. The trade balance forecast forecast 403.5 billion yen.

Asian stocks trading
  • The Hand Seng Index fell 0.60% at 7:50 am CET.
  • While the Shenzhen Composite Index fell 1.15%, the Shanghai index fell by 0.75% at the same time.
  • The Nikkei 225 <.N225> was down 2.23% at 7:51 CET.
  • The Australian S & P / ASX 200 index fell 0.40% at 7:52 CET.
The dollar lost 0.24% against the yen and traded at 107.6850 at 7:54 CET


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