Markets Right Now: Asian stocks fall as trade war escalates

FILE - In this May 9, 2019, file photo trader Jonathan Corpina works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, May 13.

FILE – On this Might 9, 2019, file photograph trader Jonathan Corpina works on the ground of the New York Inventory Trade. The U.S. inventory market opens at 9:30 a.m. EDT on Monday, Might 13.

AP Photograph

The newest on developments in financial markets (all occasions local):

10:15 p.m.

Shares have opened moderately decrease in Asia after a day of heavy losses on Wall Road.

The Shanghai Composite index fell zero.three% whereas Japan’s Nikkei 225 misplaced 0.7% early Tuesday. Hong Kong’s Cling Seng slipped 1.5%, catching up after a market holiday on Monday.

Oil costs held steady and the greenback was buying and selling at 109.fifty nine Japanese yen.

Buyers appeared to have anticipated the worsening of tensions between the U.S. and China after Beijing introduced it was elevating tariffs on $60 billion of American imports in response to a U.S. tariff hike last week.

The delicate market response in Asia followed a depressing day in U.S. markets, where the Dow Jones Industrial Common plunged 617.38 factors, or 2.four%, to 25,524.99.


four p.m.

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