Asian markets dipped lower in early Friday trading, as the Dow posted its eighth straight decline and trade tensions between the U.S. and China remained high.
In Japan, the Nikkei
NIK, -1.14%
was down 0.8%, as the yen rebounded overnight with the dollar
USDJPY, -0.01%
again slightly below ¥110. Automakers led the losses, with Toyota
7203, -3.18%
and Honda
7267, -2.52%
each down more than 2%
Korea’s Kospi
SEU, +0.05%
swung between slight gains and losses, with Samsung Electronics
005930, -0.64%
dropping 0.6%.
Hong Kong stocks
HSI, -0.34%
opened solidly lower, with Tencent
0700, -0.45%
down another 0.5%, putting the week’s losses above 4%. Chinese equities continued to slide, and the Shanghai Composite
SHCOMP, +0.35%
was poised to end the day in bear-market territory.
After two days of gains, Taiwan stocks
Y9999, -0.36%
fell in early trade with, with lens maker Largan
3008, -2.22%
pulling back 2%. Stocks were also down in Singapore
STI, -0.37%
and Malaysia
FBMKLCI, -0.32%
. Markets in Australia
XJO, -0.15%
and New Zealand
NZ50GR, -0.12%
retreated from recent highs.
Source : MTV