Asia Shares Mixed Amid Trade Escalation

Shares in Asia were mixed on Thursday, as the U.S. takes aim at China’s Huawei again, heating up trade tensions further.

In Japan, the Nikkei 225 withered 125.58 points, or 0.6%, to 21,062.98. Nissan advanced 0.2%, while Toyota dropped 1%.

The Japanese yen traded at 109.47 against the U.S. dollar following a turbulent session yesterday that saw it swinging below 109.2 and above 109.6.

In Hong Kong, the Hang Seng inched forward 6.36 points to 28,275.07

Elsewhere in Asia, shares of automakers were mixed on Thursday, with South Korea’s Hyundai Motor slipping 0.4% and Kia Motors adding 1%.

The moves came following reports that U.S. President Donald Trump plans to postpone auto tariffs by up to six months.

The Australian dollar changed hands at $0.6911 U.S., having earlier slipped to a low of $0.6891 after the release of worse-than-expected unemployment data in the country.


In Shanghai, the CSI 300 index gained 16.87 points, or 0.5%, to 3,743.96

Trade tensions, however, continued to weigh on investor sentiment as Trump declared a national emergency over threats against American technology.

Following the order, the U.S. Department of Commerce announced the addition of Huawei Technologies and its affiliates to the Bureau of Industry and Security Entity List, making it more difficult for the Chinese telecom giant to conduct business with U.S. companies.
In other markets

In Korea, the Kospi index lost 25.09 points, or 1.2%, to 2,067.69

In Singapore, the Straits Times Index regained 11.49 points, or 0.4%, to 3,230.26

In Taiwan, the Taiex Index let go of 86.1 points to 0.8%, to 10,474.61

In New Zealand, the NZX 50 tacked on 45.41 points, or 0.5% to 10,176.99

In Australia, the ASK 200 added 43.6 points, or 0.7%, to 6,327.84