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Asia Stocks Mixed Amid Trade War Headwinds, Earnings Results


Wednesday, 1 August 2018 16:04 WIB

MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik


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Asia stocks were mixed as investors assessed potential headwinds to U.S.-China trade tensions.

The MSCI Asia Pacific Index gained 0.3 percent to 167.45 as of 4:51 p.m. in Hong Kong, led by healthcare and material shares. Japan's Topix index rose for the first time in three days as higher bond yields boosted banks and strong earnings lifted technology stocks. Chinese equities extended losses as concern over possible higher U.S. tariffs overwhelmed optimism about Beijing's pledge to support economic growth.

The Trump administration is considering more than doubling its planned tariffs on $200 billion in Chinese imports, ratcheting up pressure on Beijing to return to the negotiating table, three people familiar with the internal deliberations told Bloomberg. China responded saying that “blackmailing and pressuring” will never work.

Taiex +0.4%, Kospi 200 index +0.4%, S&P/ASX 200 -0.1%, New Zealand's S&P/NZX 50 -0.7%.

Straits Times Index +0.2%, Malaysia's KLCI +0.2%, Jakarta Composite Index +1.6%, Stock Exchange of Thailand Index +1.1%, Philippine Stock Exchange PSEi Index +2.2%, Vietnam's VN-Index -0.4%.

Source: Bloomberg


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