The Asian exchanges inconsistently ended the trade on the Easter month.
While the Tokyo Stock Exchange and Taiwan, under the impression of an escalation of the customs dispute between the USA and China, went out of the trade with losses, Chinese and South Korean indices recorded growth.
In the morning, China’s government had warned countries against concluding trade agreements with the United States that could harm China’s interests. Media had previously reported that the Trump government was planning to put nations under pressure, to restrict the trade with Beijing in return for customs reservations.
The Nikkei fell by 1.3 percent to 34,279.92 points and was primarily burdened by losses in car and mechanical engineering stocks. Sumitomo Pharma recorded the largest decline with a minus of 11.0 percent to 627 yen, followed by the shares of the Mazda, which fell 5.0 percent to 820 yen. Oji Holdings were the biggest winner with an increase of 6.7 percent to 660 yen. Nichirei rose by 3.0 percent to 1,969 yen.
The stock exchange in Taiwan also fell, the Taiwan Taiex dropped 1.5 percent to 19,106.20 points. Alchip Technologies fell by 4.5 percent, ACCTON Technology by 3.6 percent and Asia Vital Components by 3.4 percent.
The South Korean Kospi, on the other hand, rose 0.2 percent to 2,488.42 points and thus ended the third trading day in a row with a plus. Especially the stocks of suppliers, banks and semiconductor companies recorded profits. In the run -up to customs negotiations with the United States and important corporate figures in the next week, sales remained thin.
In China, the stock indices also increased. The Shanghai Composite Index won 0.45 percent to 3,291.43 points and the Shenzhen Composite Index 1.6 percent to 1,910.76 points.
As expected, China’s central bank had announced that the reference rates for 1 and 5 years of corporate loans would remain unchanged at 3.10 and 3.60 percent. Analysts expect a loosening of the current year Monetary policy.
Dow Jones
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