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Asian markets retreat amid UK exit problems from the EU

2019-03-19 07:26 am | Resource: News | No Views : 133

 Most Asian markets tumbled on Tuesday as investors failed to overcome reports that Chinese leader Xi Jinping will start a European tour from March 21 to 26, including France, Italy and Monaco.

Instead, traders focused on the latest developments in Britain's EU exit episode on Tuesday, as many Conservative members were told to tell British Prime Minister Teresa Mae to make concrete plans for her departure if she was to persuade them to vote for Britain's exit from the EU.

US states investigate Kia and Hyundai fires

A number of US states are investigating the issues identified in vehicles manufactured by Kia Motors and Hyundai Motor, which have ignited their engines. In January, Kia announced it would call 68,000 vehicles in the United States, while Hyundai said it would withdraw 100,000 cars.

"My office is one of the leaders of multi-stage investigations going on in reports of deep concern about automatic fires in Hyundai and Kia cars," said Attorney General William Tong. "We are aware of the multiple fires involving Connecticut vehicles, including some of the vehicles that have already been repaired through the recall process," he said, adding: "This is a serious issue, and we are moving aggressively to uncover the facts and to ensure accountability."

Asian stocks trading
  • The Nikkei 225 fell 0.19% at 4:15 am CET, while the South Korean Kospi index was steady at the same time.
  • The Shanghai Composite Index fell 0.17% at 4:01 am CET.
  • While the CENZEN Composite Index declined 0.14% at 4:18 am CET.
  • The Hang Sang Index in Hong Kong rose 0.13% at the same time.
  • The Australian S & P / ASX 200 was flat at 4:18 am CET.

The greenback lost 0.21% against the yen to trade against 111.1925 at 4:18 am.

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