Economic news

Asian stocks fluctuate amid political jitters

Asian stocks were mixed in morning deals on Friday, following President Donald Trump's decision to pull out of summit with North Korea and threats of higher U.S. tariffs on imported cars.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares inched up 0.1 percent, while South Korea’s Kospi edged 0.2 percent lower.

Japan’s Nikkei added 0.1 percent. Hong Kong's Hang Seng Index lost 0.4 percent.

On Wall Street the S&P 500 closed down 0.2 percent overnight, though it managed to reverse its early losses of 0.95 percent.

European stocks are seen to move higher with traders bet Britain’s FTSE, France’s CAC and Germany’s Dax climbing 0.5-0.6 percent.

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