Asian stock markets were mostly down in early Friday trading, as the U.S. and China were both poised to impose tariffs on $34 billion of each others imports.
After starting higher, Chinese stocks fell as the day went on. The Shanhgai Composite
and the Shenzhen Composite
both slipped as the U.S. and China were set to start putting new tariffs into place, which has helped sour equities sentiment and send Chinese stocks to multiyear lows of late.
Hong Kong stocks gave up early gains as well, with the Hang Seng
weighed down by losses from Tencent
opened solidly, even as the yen
was little moved. The index has been weak of late, falling eight of the past 10 sessions. Auto makers started the day well, rising some 1%. Toyota
were each up more than 1.5%.
lost early gains, as Samsung
dropped 2% after forecasting weaker-than-expected second-quarter results.
, which had fallen in seven of nine days before yesterdays region-leading gains, rose further despite an overnight drop in oil prices. Fellow Thursday star New Zealand
, whose index spiked at the close to a record high, eased slightly.
Indexes in Singapore
were also down.