BEIJING (AP) — Asian stocks fell for a second day Tuesday amid jitters about U.S.-Chinese trade tensions and mounting public scrutiny of technology companies.
Markets in China, Japan, Australia and South Korea all declined while the Japanese yen rose against the dollar as currency traders looked for a safe haven.
The Shanghai Composite Index lost 1.1 percent to 3,129.55 points and Tokyo’s Nikkei 225 dropped 0.9 percent to 21,199.98. Hong Kong’s Hang Seng lost 0.9 percent to 29,828.46.
BEIJING (AP) — Asian stocks fell for a second day Tuesday amid jitters about U.S.-Chinese trade tensions and mounting public scrutiny of technology companies.
Markets in China, Japan, Australia and South Korea all declined while the Japanese yen rose against the dollar as currency traders looked for a safe haven.
The Shanghai Composite Index lost 1.1 percent to 3,129.55 points and Tokyo’s Nikkei 225 dropped 0.9 percent to 21,199.98. Hong Kong’s Hang Seng lost 0.9 percent to 29,828.46.
The Dow Jones industrial average fell 1.9 percent to 23,644.19. The Standard & Poor’s 500 index gave up 2.2 percent, to 2,581.88. The Nasdaq composite slumped 2.7 percent to 6,870.12.
Amazon fell 5.2 percent following broadsides from Trump on Twitter. Facebook tumbled as a widening privacy scandal weighed on its stock.
The threat of tighter regulation in Europe and the United States prompted investors to pull money out of Netflix, Microsoft and Google parent Alphabet.
AP