The Australian benchmark collapsed by more than 2%, leading the losing streak in Asia

The session in Asia ended in negative territory, following the poor development of relations between Washington and Beijing during the US session.

The ASX200 led the losses, with the Australian index down more than 2%. The RBA kept interest rates unchanged at 0.75%, which was expected.

Hang Seng went down by 0.15% and Shanghai Composite fell 0.1%, Shenzhen Component by 0.3% and Shenzhen Composite by 0.322%.

In Japan, the Nikkei225 lost 0.69% of its value and Topix 0.51%.

Kospi fell 0.5%.

The broad MSCI Asia ex – Japan index was trading 0.41% lower.

 Trader Martin Nikolov

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