· World shares falter after Trump takes aim at China tech firms
World stock markets tumbled on Friday after U.S. President Donald Trump ratcheted up already-heightened tensions with Beijing by banning U.S. transactions with two popular Chinese apps, Tencent’s WeChat and ByteDance’s Tiktok.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS lost 1.0% and Hong Kong's Hang Seng .HSI fell 1.8%. Tencent (0700.HK), Asia's second-biggest company by market capitalisation, dropped as much as 10.1%.
· Japan shares end lower on gloomy earnings, Sino-U.S. tensions
Japanese shares ended lower on Friday as Sino-U.S. tensions heightened following a U.S. ban on transactions with China’s tech firms, while a raft of lacklustre domestic earnings and caution ahead of key U.S. jobs data also weighed.
The benchmark Nikkei share average fell 0.39% to 22,329.94.
Tokyo shares tracked China and Hong Kong stocks lower in the afternoon, as the Trump administration unveiled bans on U.S. transactions with ByteDance’s TikTok and Tencent-owned WeChat, stoking fears that a “silicon curtain” is emerging between the two superpowers.
Japan stock markets will be closed on Monday for a public holiday.
· China stocks inch lower on Sino-U.S. tensions, post weekly gain on recovery hopes
China stocks ended lower on Friday after the Trump administration unveiled a plan to ban U.S. transactions with ByteDance’s TikTok and Tencent-owned WeChat, but posted weekly gains on upbeat trade data.
The blue-chip CSI300 index dropped as much as 2.6% before ending 1.2% lower at 4,707.93, while the Shanghai Composite Index lost 1% to 3,354.04 after falling 2.3% earlier in the session.
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