Asian shares mixed amid trade worries

Published: May 31, 2019 12:20:23 | Updated: June 02, 2019 14:15:45

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Asian shares were mixed on Friday as trade worries continued after US President Donald Trump announced additional tariffs on imports from Mexico.

Japan’s benchmark Nikkei 225 dipped 0.7 per cent in early trading to 20,796.38, while Australia’s S&P/ASX 200 inched down 0.1 per cent to 6,383.70.

South Korea’s Kospi gained 0.4 per cent to 2,046.56. Hong Kong’s Hang Seng was little changed but up by less than 0.1 per cent to 27,115.53, and the Shanghai Composite gained 0.3 per cent to 2,914.46.

Major US stock indexes capped a day of listless trading with modest gains Thursday, snapping the market’s two-day losing streak, reports Reuters.

The S&P 500 index rose 5.84 points, or 0.2 per cent, to 2,788.86. The Dow Jones Industrial Average gained 43.47 points, or 0.2 per cent, to 25,169.88.

The Nasdaq composite added 20.41 points, or 0.3 per cent, to 7,567.72. The Russell 2000 index of smaller companies fell 4.42 points, or 0.3 per cent, to 1,485.53.

Benchmark US crude fell 50 cents to $56.09 a barrel. It skidded 3.8 per cent to settle at $56.59 a barrel Thursday. Brent crude oil, the international standard, slipped 51 cents to $64.82 per barrel.

The dollar rose to 109.55 Japanese yen from 109.69 yen on Thursday. The euro strengthened to $1.1135 from $1.1138.

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