Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Asian Markets Mixed; Hong Kong Unrest Continues

Published 11/11/2019, 11:07 PM
Updated 11/11/2019, 11:09 PM
© Reuters.
AXJO
-
JP225
-
HK50
-
KS11
-
SSEC
-
7201
-
SZI
-

Investing.com - Asian markets were mixed in morning trade on Tuesday. Hong Kong stocks struggled for direction amid continuing protests in the city.

The Hang Seng Index were little changed at 26,945.00 by 10:48 PM ET (02:48 GMT), up 0.04%. Violence in Hong Kong showed signs of escalation this week as one protester was shot by police while another man was set on fire after being doused with what police described as “flammable liquid.”

Several sub-way lines and other public transportation services were disrupted. Hong Kong Chief Executive Carrie Lam on Tuesday condemned the disruption to commuters and said it is “wishful thinking” to believe the government will yield to protesters’ demands.

China’s Shanghai Composite dropped 0.4%, while the Shenzhen Component was down 1.1%. Markets are paying close attention to the Sino-U.S. trade developments after U.S. President Donald Trump described reports that said the two countries agreed to roll back tariffs on each others’ goods as “incorrect.”

That conflicted with comments from the Chinese commerce ministry, which said both sides had agreed to cancel existing levies in phases.

“Markets have been skittish,” said Matt Forester, chief investment officer at BNY Mellon’s Lockwood Advisors in a Bloomberg report. “We will need more concrete information about the structure and timing of any kind of final trade arrangement, but in the meantime we are operating on scraps of information.”

Japan’s Nikkei 225 inched up 0.2%. Automaker Nissan Motor Co., Ltd. (T:7201) will report earnings later in the day.

South Korea’s KOSPI also climbed 0.2%.

Down under, Australia’s S&P/ASX 200 fell 0.5%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.