empty
 
 

2017.03.2704:47:00UTC+00Asian Markets Retreat After Trump’s Failure to Pass Healthcare Bill

Asian markets declined amid growing skepticism on U.S. President Donald Trump's ability to pass deals after Republican leaders pulled a bill to overhaul the U.S. healthcare system.

Japan's Nikkei 225 fell 1.44 percent to finish at 18,985.59, as risk-off sentiment caused investors to flock safe haven bids like the Japanese yen. Toshiba shares dropped two percent to 26,885 yen a stock following reports that its U.S. subsidiary Westinghouse might file bankruptcy and seek aid from Korea Electric Power. South Korea's Kospi closed 0.61 percent lower at 2,155.66 after local prosecutors said they will seek a detention warrant for former President Park Geun-hye.

Australia's ASX 200 retreated 0.12 percent at 5,746.69, pressured by the materials sub-index that declined 1.52 percent. South32 said that it will buy back $500 million of its shares. Shares of the Australian miner sold off 1.84 percent to A$2.67. Shares of BHP Billiton fell 2.74 percent, following the copper mine strike in Chile which left the miner with a loss of around $1 billion, according to reports.

The Shanghai composite shed 0.08 percent at 3,266.82 while the Shenzhen composite slipped 0.36 percent at 2,039.4. Hong Kong's Hang Seng was trading 0.71 percent lower by mid-afternoon trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback