image credit: Flickr

Asian markets wobble as US, China trade jibes over trade

June 3, 2019

Via: ABC News

Shares wobbled Monday after U.S. and Chinese officials traded jibes in their widening clash over trade and technology.

China’s Shanghai Composite lost 0.3% to 2,890.08 after surveys showed a deteriorating manufacturing outlook in May. Japan’s Nikkei 225 index lost 0.9% to 20,410.88, and Hong Kong’s Hang Seng shed 0.1% to 26,871.23. The S&P ASX 200 dropped 1.2% to 6,320.50.

South Korea’s Kospi rose 1.3% to 2,067.85 after Samsung Electronics’ Vice Chairman Lee Jae-yong met with top executives of the company to discuss strategy as it weathers slowing demand for computer chips and smartphones and the repercussions of the trade conflict between Beijing and Washington.

Read More on ABC News