Shares tumbled in Hong Kong and Shanghai on Thursday as traders fret about growing tensions between China and the US, with tech and energy firms among the worst performers.
The Hang Seng Index dived 1.58 percent, or 438.81 points, to 27,267.13.
The benchmark Shanghai Composite Index sank 1.35 percent, or 39.18 points, to 2,852.52, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 2.43 percent, or 37.48 points, to 1,503.37.
Source : AFP
Tokyo stocks opened lower on Friday on worries over the US-China trade war as bellicose rhetoric persisted between Washington and Beijing, pushing the safe-haven yen higher against the dollar.
The benchmark Nikkei 225 index lost 0.94 percent, or 199.04 points, to 20,952.10 in early trade, while the broader Topix Index was down 0.86 percent or 13.26 points at 1,527.32.
Stocks took a beating Thursday as investors worried that a U.S.-China trade war could drag on indefinitely and sap global growth.
The only good news was that the major indexes bounced off their lows in the last hour of trading. The Dow Jones Industrial Average fell 1.1% or 286.14 to 25,490.47 . The S&P 500 slumped 1.2% or 34.65 to 2,821.62 and the Nasdaq Composite dropped 1.6% or 122.56 to 7,628.28.
Stocks have succumbed to selling pressure in May after Washington and Beijing engaged in...
Oil prices plunged nearly 6% Thursday in this year's worst drop and the worst fall since the start of OPEC production cuts in December. The escalating U.S.-China trade war and huge crude pileups from weak refiner demand combined to roil the market.
West Texas Intermediate futures, the benchmark for U.S. crude, fell below key $60 per barrel support, settling down $3.51 , or 5.7%, at $57.91 per barrel.
London Brent futures, the global benchmark for oil, lost its $70-per-barrel perch, falling...
Gold futures edged lower Friday, pulling back from the one-week high they settled at a day earlier. Prices for the haven metal, however, ended the week higher against backdrop of worries surrounding the U.S.-China trade standoff and political uncertainty in the U.K. Prime Minister Theresa May announced her decision Friday to step down.
June gold fell $1.80, or 0.1%, to settle at $1,283.60 an ounce on Comex. For the week, prices gained 0.6%, according to FactSet data.
Source : MarketWatch