Don’t miss the latest developments in business and finance.

China Shares Sink After Choppy Session

Image
Last Updated : Jul 19 2024 | 5:04 PM IST
Asian stocks fell on Friday as U.S.-China tensions persisted and China's ruling Communist Party ended a top-level meeting without offering details to address economic difficulties. Tech stocks extended losses despite TSMC's earnings beat.

Oil drifted lower in Asian trade and headed for a second consecutive weekly decline on concerns about Chinese demand and the global economy.

China's Shanghai Composite index ended up 0.17 percent at 2,982.31 after a choppy session. Hong Kong's tech-heavy Hang Seng fell 2.03 percent to 17,417.68 on concerns over a renewed trade war between Beijing and Washington.

According to media reports, the U.S. was considering stricter trade restrictions against China, especially the country's technology and chipmaking sectors.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jul 19 2024 | 4:46 PM IST

Next Story