China led Asian market losses on Tuesday, August 2nd, amid geopolitical tensions in the region due to a supposed visit of US House Speaker Nancy Pelosi to Taiwan.<\/p>\n\n\n\n
The Shanghai Composite Index fell 1.55% and the Japanese Shenzhen Index decreased by 1.48% at the close of trading<\/p>\n\n\n\n
The Hang Seng Index in Hong Kong declined by 2.3%, with the heaviest stocks such as Alibaba, which fell by 2.06%, and Meituan, which fell by 2.06%.<\/p>\n\n\n\n
This came against local media reports that Pelosi will go ahead with her plan to visit Taiwan despite Chinese warnings.<\/p>\n\n\n\n
This visit is expected to increase tensions between the United States and China, which has waved the option of a military response. Still, analysts have suggested that Beijing will not risk a reaction that may threaten the situation to develop into a direct confrontation.<\/p>\n\n\n\n
Taiwan Semiconductor Manufacturing Company fell 2.38%, while the broader Taiex index fell 1.56%.<\/p>\n\n\n\n
The Japanese yen, the safe haven in Asia, was trading at 130.96 against the dollar.<\/p>\n\n\n\n
Japan’s Nikkei lost 1.43% while Topix lost 1.77%.<\/p>\n","protected":false},"excerpt":{"rendered":"
China led Asian market losses on Tuesday, August 2nd, amid geopolitical tensions in the region due to a supposed visit of US House Speaker Nancy Pelosi to Taiwan. The Shanghai Composite Index fell 1.55% and the Japanese Shenzhen Index decreased by 1.48% at the close of trading The Hang Seng Index in Hong Kong declined …<\/p>\n","protected":false},"author":9,"featured_media":33466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[6939,6851],"class_list":["post-69398","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-japan","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=69398"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69398\/revisions"}],"predecessor-version":[{"id":69399,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69398\/revisions\/69399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33466"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=69398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=69398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=69398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}