Tuesday, June 19, 2018

Asian stocks sink, led by Apple suppliers, on Trump��s latest tariff threat

Asian stocks dropped Tuesday following President Donald Trump��s announcement of potentially $200 billion in additional tariffs against imports from China.

In Japan, the yen jumped on that news, and the Nikkei NIK, -0.93% � was off almost 1%. Export-related stocks slid, with Komatsu 6301, -1.63% � shedding 1.5% while Honda 7267, -0.80% � was down 0.9%. The dollar USDJPY, -0.70% � was down 0.4% versus the yen at 楼110.13.

China stocks opened sharply lower following Monday��s holiday and amid increased trade tensions with the U.S. The Shanghai Composite SHCOMP, -2.97% � was off 2.2% in early trading and the Shenzhen Composite 399106, -4.35% �was off 2%. The Shanghai benchmark has fallen three straight days and four consecutive weeks, finishing Friday at a 21-month low.

Apple Inc. AAPL, -0.05% � suppliers�� stocks were hit hard around the region, despite a report that U.S. tariffs would spare iPhones produced in China. IPhone-camera maker Cowell Holdings 1415, -10.99% � skidded 10% in Hong Kong to fresh record lows, while smartphone-lens maker Sunny Optical 2382, -5.73% � pulled back a further 4.4% and acoustics firm AAC Technologies 2018, -3.74% � fell 2.8%. In Taiwan, Sunny peer Largan Precision 3008, -3.92% � was off 4.2%. Apple product assembler Hon Hai Precision Industry 2317, -2.00% � dropped 2%. Indexes in Hong Kong HSI, -2.14% � and Taiwan Y9999, -1.16% � were each down more than 1%.

Meanwhile, Australia��s S&P/ASX 200 XJO, +0.40% � was up 0.5% as the Aussie dollar fell on the trade talk. Korea��s benchmark dipped SEU, -0.71% � and New Zealand��s NZX NZ50GR, -0.59% �was down about 0.3%.

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Comment Related Topics Asia Markets China Japan Australia Singapore Foreign Investment Quote References NIK -211.78 -0.93% 6301 -53.00 -1.63% 7267 -28.00 -0.80% USDJPY -0.78 -0.70% SHCOMP -89.82 -2.97% 399106 -73.54 -4.35% AAPL -0.10 -0.05% 1415 -0.21 -10.99% 2382 -9.40 -5.73% 2018 -4.50 -3.74% 3008 -180.00 -3.92% 2317 -1.70 -2.00% HSI -647.33 -2.14% Y9999 -128.29 -1.16% XJO +24.30 +0.40% SEU -16.87 -0.71% NZ50GR -52.59 -0.59% Show all references MarketWatch Partner Center Most Popular My new wife wanted to live with me for free, even though she had $800,000 in the bank��so I asked her to move out Elon Musk says Tesla shorts will get blown up �� he even predicted exactly when Elon Musk shows off new Tesla production line �� and it��s in a tent This 30-second change to your computer settings is the easiest way to stop hackers What the stock market��s most crucial week of the year tells us about the road ahead Community Guidelines �� FAQs BACK TO TOP MarketWatch Site Index Topics Help Feedback Newsroom Roster Media Archive Premium Products Mobile Company Company Info Code of Conduct Corrections Advertising Media Kit Advertise Locally Reprints & Licensing Your Ad Choices   Dow Jones Network WSJ.com Barron's Online BigCharts Virtual Stock Exchange Financial News London WSJ.com Small Business realtor.com Mansion Global

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Volume0
Open22,566
High22,619
Low22,435
P/E Ratio0
Div Yield0
Market CapN/A
Komatsu Ltd. Japan: Tokyo: 6301 楼3,208.00 -53.00 (-1.63%)
Volume3.6M
Open楼3,200
High楼3,252
Low楼3,184
P/E Ratio15.43
Div Yield2.99
Market Cap3.3T
Honda Motor Co. Ltd.

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