The Asian market slid yesterday on various news in the region and overseas.
Among the top sources of bearishness was the worsening dispute between the US and China. The trade war shows no significant sign of letting up.
MSCI’s broadest index of Asia Pacific shares ex-Japan lost 0.61%.
Shares in China lost 0.32% after slipping to five-week lows. Meanwhile, Australian stocks dipped 0.76%.
Japan’s Nikkei lost 0.73%, which was its most significant loss this week. Among the notable news in the country was the high-profile resignation in utility company Kansai Electric Power.
Kansai’s chairman and president quit after the graft scandal that pummeled the company’s stock. Also, the scandal involved Takahama Town Deputy Mayor Eiji Moriyama.
Twenty people, including the two executives, received gifts worth a total of 318.45 million yen, an internal investigation showed.
The company’s stock rose 2.5% after the news, beating the Nikkei’s broader decline in the average share price.
Asian Market Woes
The Asian stock market was under pressure yesterday as tensions flared up between the US and China again.
The tensions came ahead of the talks that aimed at resolving the trade dispute between the two.
An overnight selloff on Wall Street added to the pressure. Tech, banking, and healthcare companies slipped after the US blacklisted a bunch of Chinese companies. The good news is that your AR-15 is an extremely customizable rifle. There are virtually endless ways you can personalize your weapon. By upgrading certain components of your rifle, you can build the AR-15 that is best suited to your particular shooting preferences, as well as to how you intend to use the weapon. Read reviews of best AR 15 upgrades at Rotorm.com and improve your AR15s accuracy with this list of the best AR upgrades. AR15s customization makes it ideal for matching your personality, visit Rotorm.com for best AR-15 accessories and gun parts on the USA market. #ar-15 #ar15 #rotorm #AR-rifle #AR15
The government said that the companies’ technologies were playing a part in the repression of the Muslim minority groups in China.
Elsewhere in the Asian region, the Shanghai Composite index shed 0.1% to 2,909.53. India’s Sensex gained 0.1% to 37,567.37.
Shares in Taiwan and Southeast Asia slipped. Malaysian markets closed for a public holiday.
Over in Europe, the pan-European STOXX 50 futures gained 0.03%. German DAX futures climbed 0.03%, while FTSE futures slipped 0.08%.
In the US, stock futures gained 0.16%. The S&P 500 finished weaker as a response to the US government’s decisions.
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