Asian Equities Finish Mixed as US Seeks $100m Drop in Trade Surplus with China

March 15, 2018
Asian Equities Finish Mixed as US Seeks $100m Drop in Trade Surplus with China

By Investors Hub

Asian markets turned in a mixed performance on Thursday amid lingering concerns over a trade war after the White House said the administration wants China to reduce its trade surplus with the U.S. by $100 billion.

In Tokyo, Japan’s benchmark Nikkei 225 Index edged up 26.66 points or 0.1 percent to 21,803.95.

Marui Group Co shares climbed up 7.4 percent, Tokai Carbon gained 4.2 percent, TDK Corp added 3.7 percent and Daiwa House Industry gained 2.5 percent.

Osaka Gas, Trend Micro, FamilyMart UNY Holdings, Tokyo Tatemono and Nissan Chemicals also ended notably higher.

Meanwhile, NTN Corp., Hitachi Construction Machinery, JTEKT Corp., Mitsui Engineering, IHI Corp., Sumitomo Osaka Corp., Taisei and Sumitomo Dainippon Pharma declined 1.7 to 3.2 percent.

China?s Shanghai Composite Index ended roughly flat at 3,291.61, while Hong Kong’s Hang Seng rose 106.09 points or 0.3 percent to 31,541.10.

Meanwhile, Australian stocks ended marginally lower. The benchmark S&P/ASX 200 Index declined 14.50 points or 0.2 percent to 5,920.80. The broader All Ordinaries index ended down 15 points or 0.3 percent at 6,027.60.

Whitehaven Coal, Beach Energy, IPH, Caltex Australia and Infigen Energy declined by 1.6 to 3 percent.

Bendigo & Adelaide Bank, Bank of Queensland, National Australia Bank, ANZ Banking Group and Commonwealth Bank of Australia also ended lower by 1 to 1.5 percent.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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