Rome, Apr 11 (LaPresse) – Asian stocks, after Thursday’s truce, opened back in the red. Growing concerns over President Donald Trump’s trade war initially pushed Japan’s Nikkei 225 stock index down by 5.6%. By mid-morning in Tokyo, the decline was 4.2% to 33,148.45.
The yen is rising against the US dollar, which is also losing value against the euro. The European currency climbs to $1.1306 from $1.1195.
South Korea’s Kospi drops 1.3% to 2,413.16, while Australia’s S&P/ASX 200 falls 1.2% to 7,619.70.
In Chinese markets, Hong Kong’s Hang Seng drops 0.4% to 20,606.04, and Shanghai’s index slips 0.2% to 3,218.94.
Taiwan’s Taiex gains 1.5% as investors expect more orders to be shifted to Taiwan due to the worsening US-China trade war.
© Copyright LaPresse
