Asia markets were mixed amid US-China trade tensions - Global News Information | News Distribution Worldwide

Asia markets were mixed amid US-China trade tensions

Economy, Man, Businessman, Watch

Asia traded mixed today morning after the U.S. market was mostly little changed overnight following the unveiling of new Chinese tariffs on American goods.

In Australia, the ASX 200 was up 0.15 percent in early trade. But the energy subindex was down 0.83 percent following an overnight drop in oil prices. Shares of Santos fell 1.06 percent, Oil Search was down 0.99 percent and Woodside Petroleum lost 0.68 percent.

Global benchmark Brent declined 3.17 percent on Wednesday to $72.28 a barrel while U.S. crude fell 3.22 percent to $66.94.

Japan’s Nikkei 225 dropped 0.54 percent and the Topix index was down 0.55 percent. Major automakers declined with shares of Toyota down 0.48 percent, Nissan off by 0.71 percent and Honda lower by 0.93 percent.

South Korea’s Kospi fell 0.14 percent.

The U.S. dollar index, which measures the greenback against a basket of currencies, traded at 95.086 at 8:17 a.m. HK/SIN.

Among other currency pairs, the Japanese yen traded at 110.78 to the dollar, strengthening from levels above 111.6 in the previous week. The Australian dollar traded at $0.7427 and the euro fetched $1.1607