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Asian Shares Dip On Geopolitical Tensions, Oil Up 1%
Monday, 23 September 2019 11:14 WIB | MARKET UPDATE |MSCI Asia PacificSaham Asian

Most Asian share markets slipped on Monday as investors waited for more clarity on the Sino-U.S. trade talks after recent negotiations, while oil gained more than 1% as Middle East tensions remained elevated.

Analysts said investor sentiment was fragile with civil unrest in Hong Kong, tensions in the Middle East and worries over whether the United States and China would sign a trade deal soon. Moves were further exaggerated by low volumes as Japanese markets were shut for a public holiday.

Chinese shares opened in the negative territory, with the blue-chip index (CSI300) down 1.5%. Hong Kong's Hang Seng index (HSI) was 0.8% weaker after a weekend of sometimes violent protests that saw pro-democracy activists vandalize a railway station and shopping mall.

South Korea's Kospi was a touch weaker after disappointing trade data while Australian and New Zealand shares bucked the trend and were both about 0.3% higher.

That left MSCI's broadest index of Asia-Pacific shares outside Japan down 0.3% at 509.94 points. It is still up more than 3% so far in September.

Source : Reuters

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