Asian markets mixed amid tensions between the United States and China, economic concerns

Asian stock markets mixed Monday amid tensions between the United States and China and concerns that the recovery from the coronavirus pandemic may be weakening.

Nikkei NIK from Japan,
It fell 0.4% as operators returned from a four-day vacation weekend. Hong Kong HSI Hang Seng Index,
fell 0.1%, like the Shanghai Composite SHCOMP,
+ 0.26%
gained 0.1%. Kospi 180721 from South Korea,
+ 0.79%
jumped 1.2% and the Taiex Y9999 from Taiwan,
+ 2.31%
increased 2.6%, driven by big gains from Taiwan Semiconductor 2330,
+ 9.97%
. Benchmarks in Singapore ITS,
and Indonesia JAKIDX,
+ 0.66%
advanced, and Australia’s S & P / ASX 200 XJO,
+ 0.33%
rose 0.2%.

Wall Street ended last week after a new diplomatic crisis between Washington and Beijing and reports of mixed earnings.

World markets have made up the bulk of this year’s losses, but forecasters warn that the rebound could be too big and too early as the number of virus cases increases in the United States and some other economies.

Weak stock prices “speak volumes of sour risk appetite amid mounting risks between the US and China, worsening virus outbreaks and recovery from recovery,” said Hayaki Narita of Mizuho. Bank, in a report.

On Friday, the Wall Street SPX S&P 500 benchmark,
it lost 0.6% to 3,215.63. The Dow Jones Industrial Average DJIA,
slipped 0.7%, to 26,469.89. Nasdaq COMP compound,
It fell 98.24 points, or 0.9%, to 10,363.18.

Investors were rocked by the latest diplomatic dispute between the United States and China. The Trump administration told Beijing last week to close its consulate in Houston. China responded by ordering the closure of the United States consulate in the city of Chengdu, in southwest China.

That adds to the tensions over trade, technology, Hong Kong and human rights that have pushed relations between the two largest global economies to fall to their lowest level in decades.

Investors are also concerned about the increase in layoffs in the US, as the increase in coronavirus infections causes more companies to close. Additional unemployment benefits expire this week. Congress has yet to agree more financial aid.

In the energy markets, the US benchmark crude CLU20,
+ 0.60%
remained unchanged at $ 41.29 per barrel in e-commerce on the New York Mercantile Exchange. The contract rose 22 cents on Friday to hit $ 41.29. Brent crude BRNU20,
+ 0.57%
, used to set the price for international oils, lost 8 cents at $ 43.70 a barrel in London.

The USDJPY dollar,
It gained at 105.54 yen from 105.97 on Friday.