Asia Pacific stocks little changed as Washington ups the pressure on China’s Huawei
Stocks in Asia Pacific were little changed in Tuesday morning trade as investors continued to watch developments in U.S.-China tensions.
In Japan, both the Nikkei 225 and Topix index traded marginally lower. Over in South Korea, where stocks returned to trade following a Monday holiday, the Kospi was just below the flatline.
Shares in Australia edged higher, with the S&P/ASX 200 up 0.38%. The Reserve Bank of Australia’s meeting minutes are set to be released around 9:30 a.m. HK/SIN on Tuesday.
Overall, the MSCI Asia ex-Japan index traded 0.16% higher.
Tensions between Washington and Beijing are likely to continue to weigh on investor sentiment. U.S. President Donald Trump’s administration announced Monday a further tightening of restrictions on Huawei, aimed at limiting the Chinese telecommunications giant’s access to commercially available chips.
Reference: CNBC
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