Media ININ Economy We Trust
Media IN BEIJING 21-05-2019 (AP)
Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower.
Benchmarks in Shanghai and Seoul advanced, while Tokyo, Hong Kong and Sydney declined.
The Shanghai Composite Index gained 0.3% to 2,880.71 while Tokyo’s Nikkei 225 lost 0.5 percent to 21,203.33.
Hong Kong’s Hang Seng shed 0.3% to 27,688.12 and Seoul’s Kospi advanced 0.5% to 2,066.48. Sydney’s S&P-ASX 200 retreated 0.3% to 6,458.50 and benchmarks in Taiwan and New Zealand also declined.
The Standard & Poor’s 500 index lost 0.7% to 2,840.23 points. The Dow Jones Industrial Average fell 0.3% to 25,679.90. The technology-heavy Nasdaq composite slid 1.5% to 7,702.38.
Apple Inc. skidded after an analyst warned the iPhone maker’s growth prospects could dim as Washington and Beijing spar over trade.
Qualcomm, which gets about 65% of its revenue from China, slumped 6%. Broadcom, which gets nearly half of its revenue from China, also fell 6%. Intel dropped 3% and Xilinx slid 3.6%. An S&P index that measures the performance of chip and chip equipment makers fell nearly 4%.
