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Home / Business / Asian equities decline as tensions in the US and China heat up – the recent Asian market

Asian equities decline as tensions in the US and China heat up – the recent Asian market



Japan's Nikkei 225 ( N225 ) drops 0.8%. Hong Kong's Hang Seng Index ( HSI ) falls 0.3%, while China's Shanghai Composite Index ( SHCOMP ) decreased 0.1%.

The markets in South Korea were closed for a holiday.

Asian stocks rose earlier in the week ahead of scheduled trade talks between top US and Chinese traders in Washington on Thursday and Friday. But renewed load between the two sides has overshadowed the discussions.

On Tuesday, US Secretary of State Mike Pompeo announced visa restrictions for Chinese officials suspected of being involved in internment and human rights violations by millions of Uighur Muslims and other minority groups. in China's Xinjiang region.
It came a day after the US State Department blacklisted 28 Chinese units over similar allegations.

These moves have made Beijing angry.

"We urge the United States to rectify its mistakes immediately and stop its interference with China's internal affairs," the Chinese Embassy in the United States said on Twitter .

Some of the Chinese technology companies on the US blacklist declined on Wednesday. Meiya Pico, a digital forensic firm, plunged 4.6% in Shenzhen after a 1

.6% loss on Tuesday.

IFlytek, a voice recognition software developer, was up about 1.5% in Shenzhen after falling 2.7% on Tuesday.

Both companies have said that the blacklist will not have much effect on their operations.

Surveillance camera manufacturers Hikvision and Dahua Technology, meanwhile, have stopped trading in their shares since Tuesday.


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