Nikkei, Hang Seng Lower on Trump’s Threats

Asian indices finished lower as investors worried from Trump’s comments that he could impose more tariffs on China if he wanted to. The Hang Seng finished 0.15 percent lower at 28,581, the Shanghai composite ended 0.20 percent higher to 2,931 and the Singapore Straits Times index finished 0.01 percent lower at 3,359. Aussie stocks ended 0.49 percent higher at 6673 after the Australia Westpac Leading Index, month over month, declined to -0.1% in June from previous reading of -0.08%. The Westpac Leading Index, month over month, came in at -0.08% for June. In Japan the main benchmark, Nikkei 225 finished 0.31 percent lower at 21,469. Earlier the Fitch Ratings agency affirmed Japan’s Long-Term Foreign Currency Issuer Default Rating at ‘A’ with a stable outlook. Nikkei positive momentum is intact and trades close to two month high.

In Asian forex markets USDJPY trading 0.02 percent higher at 108.26, the Aussie dollar trades lower against greenback at 0.7004 while Kiwi trades higher at 0.6716 versus USD. Gold retreats to 1,403 looking for a test at the 1,400 support, while crude oil is 0.19 percent higher at $57.73 per barrel.Don’t miss a beat! Follow us on Twitter.

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