Shares fell in Asia early Friday morning, after mounting tensions between the United States and China and a massive sale of tech stocks on Wall Street.
Hong Kong HSI Hang Seng Index,
fell 1.9% while the Shanghai SHCOMP compound,
it sank 2.3% and the smallest-cap Shenzhen Composite 399106,
slide 2.9%. Kospi 180721 from South Korea,
decreased 0.6%, and the benchmark indices in Taiwan Y9999,
Singapore ITS,
and Indonesia JAKIDX,
Everything fell. S & P / ASX 200 XJO from Australia,
withdrawn 1.2%.
The markets in Japan were closed for holidays.
On Friday, China ordered the closure of the US consulate in the western city of Chengdu, in retaliation for the closure of the Chinese consulate in Houston following allegations of espionage.
“For investors, the important thing is whether the political escalation turns into an economic escalation. So far, there is still no indication that either side is willing to escalate the trade war into a global recession, “Stephen Innes, chief global markets strategist at AxiCorp, wrote in a note.
Shares on Wall Street sank on Thursday, led by Apple AAPL declines,
and Microsoft MSFT,
.
The Dow Jones Industrial Average DJIA,
closed 353.51 points below, or 1.3%, at 26,652.33, while the S&P 500 SPX index,
he finished with 40.36 points, or 1.2%, at 3,235.66. The Nasdaq Composite Heavy Technology Index,
it lost 244.71 points, or 2.3%, to 10,461.42.
.
