Asian Shares Retreat On US-China Tensions
From Nasdaq: 2025-06-02 04:36:00
Asian stocks closed mostly lower on Monday due to trade tensions and escalating Russia-Ukraine tensions, with oil prices and gold rising. Hong Kong’s Hang Seng index dropped 0.57 percent, and tech and EV stocks tumbled over U.S.-China trade truce concerns. Japanese markets fell as a stronger yen impacted export-related shares. Seoul stocks ended flat, while Australian markets closed lower on renewed Sino-U.S. trade tensions. U.S. stocks ended mixed on Friday as trade discussions with China stalled, with the Dow edging up and the S&P 500 finishing lower. Shares of Brickworks surged after announcing a merger with Washington H Soul Pattinson’s.
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