TOKYO — Asian shares were mixed Tuesday as uncertainty mounted over U.S. President Donald Trump’s trade and regulatory policies.
KEEPING SCORE: Japan’s benchmark Nikkei 225 slipped 0.1 percent to 18,877.01 in the morning session. Australia’s S&P/ASX 200 added 0.4 percent to 5,631.00. South Korea’s Kospi fell 0.2 percent to 2,061.25. Hong Kong’s Hang Seng gained 0.3 percent to 22,968.49, while the Shanghai Composite lost 0.1 percent to 3,135.35. Benchmarks rose in Taiwan, Singapore and Indonesia, but fell in the Philippines
TRADE WORRIES: Many Asian nations rely on exports to keep their economies going, so Trump’s latest moves on trade and regulations raised concerns over future access to the U.S. market. Trump signed a memorandum saying the U.S. will withdraw from the Pacific Rim trade pact known as the Trans-Pacific Partnership. He also said he would renegotiate the North American Free Trade Agreement.
THE QUOTE: “The lack of any key U.S. economic data overnight had dealers focused exclusively on the Trump administration’s trade policy and the signing of the executive order to pull out of the TPP,” said Stephen Innes, senior trader at Oanda, of the Trans-Pacific Partnership
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