Japan Shares Fall as Yen Strengthens Amid Trump Cabinet Concerns

Japanese shares declined as the yen strengthened against the dollar after a news report that U.S. President Donald Trump plans to remove his national security adviser raised concerns about the future of his administration’s foreign policy.

Electronics makers were the biggest drag on the Topix index, as almost two stocks fell for every one that rose. The White House denied that Trump is preparing to oust H.R. McMaster after the Washington Post reported that Trump was planning to remove the adviser, with whom he has occasionally clashed.

Topix index -0.4% to close at 1,736.63 in Tokyo; +1.2% this week. Nikkei 225 index -0.6% to 21,676.51; weekly gain of 1%.

Yen +0.4% to 105.95 per dollar.

Source : Bloomberg

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Hong Kong stocks rise; IT, property shares lead (Review)

Hong Kong stocks rose on Thursday, led by property and IT shares, as investors shrugged off concerns that growing trade tensions will hurt the global economy.

The Hang Seng index rose 0.3 percent, to 31,541.10 points, while the China Enterprises Index gained 0.3 percent, to 12,719.84 points.

The sub-index of the Hang Seng tracking energy shares dipped 0.7 percent, the IT sector rose 0.79 percent and the financial sector was 0.3 percent higher while the property sector rose 0.73 percent.

The top gainer on Hang Seng was Country Garden Holdings Co Ltd, up 4.07 percent, while the biggest loser was China Mengniu Dairy Co Ltd, down 3.85 percent.

Source: Reuters

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China Shares Flat, Investors Dump Newly-Listed Firms

China stocks ended flat on Thursday, with gains led by consumer and healthcare firms, while small-caps, particularly newly-listed shares, were dumped after regulators warned of risks and bubbles.

At the close, the Shanghai Composite index was flat at 3,291.11, while the blue-chip CSI300 index gained 0.6 percent to 4,096.16.

Trading was thin as investors remained cautious amid mounting investor concerns that growing trade tensions would hurt the global economy.

An index tracking newly-listed firms in Shenzhen slumped 3.3 percent, posting its worst day since early February. After slapping a record fine on a local company for share price manipulation, China’s securities regulator issued stern warnings against speculation in newly-listed stocks, saying such speculative activities could accumulate risks and bubbles.

Source : Reuters

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