Asia Markets: Asian markets driven lower as trade tensions flare up [MarketWatch]
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Source: MarketWatch
Asian markets driven lower as trade tensions flare up Asian markets finished in the red on Monday, with several indexes closing near session lows, as trade skirmishes were among the uncertainties that continued to keep buyers on the sidelines. Among the worst performers, Hong Kong’s Hang Seng Index HSI, -1.29% tumbled 1.3%, dragged lower by losses for tech shares, with Apple Inc. AAPL, -0.29% supplier AAC Technologies Inc. 2018, -1.90% dropping nearly 2%. The Shanghai Composite SHCOMP, -1.05% finished down 1%, while the small-cap heavy Shenzhen Composite 399106, -0.63% slipped 0.7%. Tech losses came amid reports that President Donald Trump may announce measures as soon as the end of this week to block Chinese companies from investing in U.S. technology firms. Such a move may only serve to ratchet up trade tensions. Investors largely brushed aside the latest cut to banks’ reserve-requirement ratio by the People’s Bank of China, as the move was anticipated. Some were even e
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