Global Financial stock Markets
Business

Asian Markets have fallen in the morning trading as a reaction to ‘Trade Wars’

Asian markets traded lower on Monday morning, following a global fears of a full-blown trade war.

Advertisements

Asian markets traded mostly lower on Monday, following a global sell-off late last week amid fears that rising tensions between the United States and China could lead to a full-blown trade war. Financial Markets around the globe are all poised to take losses following Trump’s ‘Trade Wars’.

Chinese mainland markets opened lower, with the Shanghai composite down 1.17 percent while the Shenzhen composite fell by half a percent. In Hong Kong, the Hang Seng index declined 0.25 percent.

In Australia, the benchmark ASX 200 was down 0.57 percent at 5,787.30 in afternoon trade. The heavily weighted financial sector was down 0.93 percent.

Major banking stocks in the country fell — shares of ANZ ,Commonwealth Bank and the National Australia Bank dropped amid the looming uncertainty around the global trade wars.

In Japan, the Nikkei 225 recovered from some early significant early losses to trade down 0.4 percent in mid-morning trade. The Topix index was down 0.67 percent.

In Korea Strait, the Kospi also reversed early losses to climb 0.2 percent, bucking the general downward trend across the region.

Trading in the global financial markets is expected to be volatile across all markets as markets will react to the weekend announcements.


I support the WTX Cause – I am a believer and I will make this better!

We need to make this site better, help us provide a better service to are hundreds of thousands of loyal readers. Support the WTX Team, with hugs and kisses. People like you make this possible, so please show your support and inspire our journalists.

£9.99

Advertisements
Asian Markets have fallen in the morning trading as a reaction to ‘Trade Wars’
Click to comment

You must be logged in to post a comment Login

This site uses Akismet to reduce spam. Learn how your comment data is processed.


To Top
%d bloggers like this: