Asian stocks mixed amid new US tariff round on Chinese goods

Asian stocks market is trading mixed on Thursday as investors are digesting the new US tariffs on $16 billion of Chinese good that will be implemented later on Thursday.

No matter US and Chinese officials are meeting in Washington to maintain talks about a possible resolution on the trade war, Donald Trump’s government is moving ahead and adding new tariffs.

On Thursday, the US will begin to collect an additional 25% duties on almost 280 Chinese import products that include semiconductors, chemicals, motorbikes, electrical scooters, and plastics.

As a reaction, China will file a complaint in the World Trade Organization against the United States. Beijing said the China government opposes strongly to the new duties and they will fight back.

The Japanese NIKKEI is trading 0.18% positive as it is adding 39.79 points to 22,402.34. The HSI is 0.72% down as it is losing 200.52 points to 27,727.06.

The ASX 200 index is declining 18.70 points or 0.30% to 6,247.30. Shanghai is 0.34% or 9.21 points negative at 2,705.40. The Kospi index is also losing 4.31 points or 0.19% to price at 2,269.02.

Previously on Wednesday, Wall Street closed mixed too as investors were worried about fresh US president Donald J. Trump political problems. On the positive market, the bull market moves as the most extended bull market in history.

DJIA daily chart august 23

DJIA daily chart August 23

The Dow Jones Industrial Average fell 0.34% or 88.69 points to 25,733.60. The S&P 500 erased 0.04% or 1.14 points to 2,861.82.

On the other hand, the Nasdaq Composite rose 0.38% or 29.92 points on Wednesday to 7,889.10; and the Russell 2000 advanced 0.26% or 4.5% to 1,722.54.

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