Asian Traders Monitor Rising Tensions with Sino-US

The Asian and Pacific Rim markets are mixed by late Tuesday morning as Asian traders are concerned over rising tension between China and the United States. The Reserve Bank of Australia is also getting ready to announce their monetary policy and rate decision.

The Nikkei 225 was up over one percent as shares tacked on 1.02 percent. The broader Topix index was up 1.02 percent as well. Shares of Softbank Group added 2.9 percent today.

Across the Korean Strait, the Kospi composite index added a fraction of a percent. Elsewhere in the Asian and Pacific Rim the Australian ASX 200 was up 0.1 percent. The Reserve Bank of Australia set to announce their rate decision at 12:30 p.m. Hong Kong time.

In Hong Kong, the Hang Seng index was up 0.64 percent by late morning. The markets on the mainland, in China, were lower on the day.

The Shanghai composite fell 0.14 percent and the smaller Shenzhen composite was down around 0.2 percent.

Asian Trader Digest Rising Tensions between the U.S. and China

There are developments between the United States and China as political tensions continue to simmer. These are being closely watched by investors today.

China has instructed state owned firms to not buy agricultural products from the United States. This includes soybeans and pork. This comes after President Donald Trump said that his administration would take measures to end eliminate Hong Kong’s special treatment.

Beijing has approved a controversial national security bill for the city state and the U.S. is saying that Hong Kong’s independence is in jeopardy.

Rising Tension in the U.S. concern Traders

Violent protests are continuing across the United States of America. Various cities have declared curfews and several states have deployed their National Guard to help the local police restore law and order.

Overnight, President Trump, in a phone call, berated state governors. He called them weak and demanded they quell the violence.