Asian Stocks Trade Lower as U.S.-China Tariffs Take Effect, Trump Affirms Talks in Sep.
Asian stocks traded mostly lower as the U.S.-China tariffs take effect while Trump affirmed trade talks to continue in September.
Asian stocks traded mostly lower as the U.S.-China tariffs take effect while Trump affirmed trade talks to continue in September.
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Shares in Asian stock markets traded mostly lower on Monday, September 2, 2019, after the new U.S. tariffs worth $112 billion of Chinese imports came into effect on Sunday while the Chinese also planned a retaliation with an increase of tariffs worth $75 billion on U.S. goods.
As of 9:20 local time in Thailand, NIKKEI slipped 0.30%, HSI skidded 0.39%, ASX 200 slid 0.14%, KOSPI edged 0.09% lower while SSEC rose 0.78% in hopes of better private survey on Chinese manufacturing sector to be announced this morning.
SET closed on August 30, 2019, at 1,654.92 points, increased 15.78 points or 0.96% with a trading value of THB 63.13 billion.
In addition, the U.S. President Donald Trump said Sunday that trade negotiations with China are still planned for September.