Asian markets turned in a mixed performance during trading on Friday as worries about ongoing U.S.-China trade tensions continued to weigh on investor sentiment.
Asian shares were mixed on Thursday, after US President Donald Trump issued an executive order aimed at banning Chinese telecommunications giant Huawei, heating up trade tensions further.
Asian stocks made a comeback to trade higher on Wednesday after US President Donald Trump softened his tone on the trade war with China, referring to it as a “little squabble” and insisting dialogue would continue.
Asian stocks were lower on Tuesday, taking a negative lead from Wall Street, as investors remained fearful of a full-blown trade war between the U.S. and China.
World equities suffered their worst selloff so far this year on Monday after trade talks between the United States and China ended without a resolution last week.
Asian stocks ended mostly higher on Friday despite the U.S. imposing tariffs from 10% to 25% on $200 billion worth of Chinese goods at midnight. Beijing immediately said it would take countermeasures, though did not specify which ones.
World markets closed lower on Thursday as trade tensions between the U.S. and China increased following U.S. President Donald Trump's comments on Wednesday that Beijing "broke the deal" in negotiations.
Asian stocks ended mostly lower on Wednesday as investors digested ongoing developments in the U.S.-China trade negotiations.
Asian stocks ended mixed on Tuesday amid renewed tensions between the U.S. and China.
World markets closed in the red on Monday following a re-escalation in U.S.-China trade tensions.