Asian bags close mixed, with an eye on tariff war and balance sheets

by Andrea
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As Bags from Asia and Pacific closed without a single direction on Thursday (24), while investors monitored developments from the tariff war between USA and China and corporate balance sheets in the region.

The index Nikkei rose 0.49% in Tokyo, at 35,039.15 points, with the help of financial and automotive actions, while the South Korean Kospi It had a modest loss of 0.13%in Seoul, to 2,522.33 points, pressured by shares of companies that disclosed balance sheets, case of the Hyundai automaker (-0.6%) and the SK Hynix memory chips manufacturer (-1.5%).

The tone was negative today in Hong Kong, where the Hang Seng Fell 0.74% to 21,909.76 points, and in Taiwan, with a 0.82% of Taiex, to 19,478.81 points.

In mainland China, compound Shanghai registered a 0.03%marginal high, to 3,297.29 points, and the least compound compound retreated 0.71%to 1,909.66 points after weak balance sheets from software and hardware companies.

Yesterday, the The Wall Street Journal He published that the Trump government is considering reducing 145% rates imposed on Chinese products to a range of 50% to 65% in an attempt to appease commercial tensions with Beijing. A day earlier, the White House had spoken in progress in tariff negotiations between China and the USA.

Today, after the end of business in the Chinese markets, ministerial spokesmen have denied that China is involved in discussions on tariffs with Washington.

In Oceania, the Australian bag was in blue for the second consecutive day. The S&P/ASX 200 advanced 0.60% in Sydney at 7,968.20 points.

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