Asia trades higher as investors shrug off escalating US-China trade tensions [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Asia trades higher as investors shrug off escalating US-China trade tensions Asia markets rose on Wednesday as investors reacted to Beijing's response on fresh tariffs the U.S. implemented on $200 billion worth of Chinese imports. In Australia, the benchmark ASX 200 rose 0.3 percent, with the materials and energy sectors gaining 1.59 percent and 1.16 percent, respectively. Major mining stocks rose: Shares of Rio Tinto were up 2.5 percent, Fortescue jumped 3.18 percent and BHP gained 2.19 percent. Japan's Nikkei 225 was up 1.51 percent and the Topix index added 1.5 percent. In South Korea, the Kospi traded near flat. China announced tariffs targeting more than 5,000 U.S. products — worth about $60 billion will go into effect on Sept. 24. However, China will put a 10 percent tariff on some goods it had previously earmarked for a 20 percent levy. At the same time, China's commerce ministry said that it filed a complaint to the World Trade Organization (WTO) against the U.S. Beijing's an
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