Tokio/Hong Kong/Shanghai/Sydney (dpa -AfX) – The downgrading of the creditworthiness of the USA by the rating agency Moody’s loaded most Asian exchanges on Monday. The United States has also lost the top note of the credit rating at the last major rating agency. The decision caused the bonds to rise in many countries in Asia, which in particular put the interest -sensitive technology values under pressure.
As a further burden, statements by the US Finance Minister proved in an NBC interview. Scott Bessent warned that the tariffs could increase again if the countries are not negotiating “in good faith”. He defended the government’s line, especially in the US customs dispute with China. “Strategic uncertainty is a negotiation tactic,” said Bessent.
In Tokyo, the Japanese guiding index Nikkei 225 expanded its recent losses and closed 0.68 percent in the red 37,498.63 points. Here, investors not only separated from IT companies, but also from shares in the areas of raw materials, communication and energy.
On the Chinese stock exchanges, the movements were limited. There were hardly any new impulses there. In the second largest economy in the world, industrial production in April, i.e. the first month of the escalating trade conflict with the United States, increased more than expected. The retail turnover disappointed.
The CSI-300 index (CSI 300) with the most important stocks of the Chinese mainland exchanges recently gave up 0.31 percent. For the Hang Seng index (Hang Seng) of the Chinese special administrative zone Hong Kong, it went down slightly shortly before the closure of the trade.
The Australian leading index S&P/ASX 200 (S&P ASX 200) in the end lost 0.58 percent. In Sydney, only shares of pension companies and communication providers were able to escape the negative trend and add something