On Tuesday afternoon Asia markets were mixed in fear of an escalation in trade tensions between the United States and China. Australia's ASX 200 went down 0.45% as the energy sector continued to drop and lost about 1.60%. The sub index lost its earlier profits and was mostly in a range as AMP went down about 1.25%.
The Reserve Bank of Australia's minutes from its September policy meeting had highlighted that global tensions from trade policy presented a "material risk to the outlook." On the other hand, Topix index was up about 1.64% and Japan's Nikkei 225 rose about 1.35%. In South Korea, the Kospi went back to the positive area by going up about 0.12% as the performance of blue-chip stocks remained mixed. Korea Electric Power Corporation went down 1.33%, Samsung Electronics went up by about 1.40 %, and Hyundai Motor was up by 0.39%.
10% tariffs on $200 billion of Chinese goods
Daily Analysis - 18/09/2018