Japan stocks fall nearly 3% amid mixed Asia-Pacific trading as U.S.-China trade war worries mount
Asia-Pacific markets traded mixed Friday, after Wall Street resumed sell-off overnight as trade war tensions between the world’s two largest economies fueled risk-off mood.
Australia’s S&P/ASX 200 fell 0.82% to close at 7,646.5.
Japan’s Nikkei 225
lost 2.96% to close at 33,585.58 while the Topix traded 2.85% lower to close at 2,466.91. South Korea’s Kospi
fell 0.5% to end the trading day at 2,432.72 and the small-cap Kosdaq rose 2.02% to close at 695.59.
Hong Kong’s Hang Seng Index
was up 1.13% to close at 20,914.69 while China’s CSI 300 added 0.41% to close at 3,750.52.
Overnight in the U.S., the three major averages closed lower, giving back some of the gains from the historic rally seen in the previous session after President Donald Trump announced a 90-day reprieve on some of his “reciprocal” tariffs.
The S&P 500 sold off 3.46% and closed at 5,268.05, while the Nasdaq Composite slid 4.31% to end at 16,387.31. The Dow Jones Industrial Average dropped 1,014.79 points, or 2.5%, settling at 39,593.66.
#tradinglife @btc
