Asian stock markets fell amidst ongoing protests in Hong Kong as well as investors awaiting clarity on the first phase of an agreement between the US and China.
Major Asian stock markets mostly slipped following Donald Trump’s threat to increase tariffs if China failed to agree a trade deal.
Hong Kong’s Hang Seng index led losses in the region as it fell 1.82 per cent to close at 26,571.46, with shares of life insurer AIA plunging 3.24 per cent.
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Mainland Chinese stocks were mixed with the Shanghai composite down 0.33 per cent to around 2,905.24 and the Shenzhen component up 0.18 per cent to 9,687.85. The Shenzhen composite was largely flat at approximately 1,614.30.
MSCI’s index of world shares slipped 0.2 per cent, following a 1 per cent fall in Asian shares outside Japan whilst Japan’s Nikkei fell 0.85 per cent, moving away further from last week’s 13-month highs.
Shares of Japanese automaker Nissan mostly recovered from an earlier plunge of around 4 per cent but still ended 0.5 per cent lower.
Meanwhile, shares in South Korea also declined, as the Kospi slipped 0.86 per cent to finish its trading day at 2,122.45.
Overall, the MSCI Asia ex-Japan index was 1.05 per cent lower.
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