Asia-Pacific equities were mixed on Thursday after the US placed Chinese telecoms equipment maker Huawei on a national security export blacklist.

The White House and Department of Commerce moved on Wednesday to effectively ban the telecoms maker from selling into the US market and restricted sales from American companies to Huawei.

Japan’s Topix fell 0.6 per cent while Hong Kong’s Hang Seng nudged up 0.1 per cent and China’s CSI 300 gained 0.2 per cent. Sunny Optical and AAC Technologies, both Huawei suppliers, fell 3.8 per cent and 1.1 per cent in morning trading in Hong Kong. 

Australia’s S&P/ASX 200 rose 0.1 per cent.

Reports that Donald Trump would hold off on tariffs on South Korean carmakers boosted Hyundai Motor and and Kia stocks. Those moves, however, failed to boost the Kospi index, which was down 0.5 per cent.

Overnight on Wall Street, the S&P 500 closed 0.6 per cent higher after erasing earlier losses as Mr Trump delayed a decision on car tariffs for up to six months.

Snapshot

Coming up

  • Malaysia gross domestic product
  • eurozone trade
  • Indonesia interest rate

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Markets Briefing is a concise look at global markets, updated throughout the trading day by Financial Times journalists in Hong Kong, New York and London. Feedback? Write in the comments below or send us an email.



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