The main indices finished flat on Friday but the damage was done in the first four days of the week after the White House reeled off one negative decision pertaining to China after another. On Thursday alone the key Shanghai Composite plunged 4.50%, its worst trading day over the same 5 months period.
On Friday, the index added a miniscule 4.03 points or 0.13% to 3,214.13.
In Hong Kong, the Hang Seng bounced back from Thursday’s 510 points rout, re-claiming 118.48 points or 0.47% to 25,089.17.
Japan’s Nikkei 225 fell 73.98 points or 0.32% to 22,696.42.
The Australian All Ords made a modest 21.90 points or 0.36% gain Friday, to 6,144.90.
The U.S. dollar after a strong day on Thursday was being sold off again on Friday and was virtually unwanted in Asia.
The euro cruised above 1.1400 again, closing in Sydney around 1.1412.
The British pound gained to 1.2552. The Japanese yen was a touch higher at 107.17.
The Swiss franc firmed to 0.9428.
The Canadian dollar went against the trend, dipping to 1.3579.
The Australian dollar was stronger at 0.6987. The New Zealand dollar strengthened marginally to 0.6554.
Overnight on Wall Street, the Dow Jones Industrial Average was down 135.39 points or 0.50% to 26,734.71 points.
The Standard and Poor’s 500 fell 10.99 points or 0.34% to 3,215.57.
The Nasdaq Composite was off 76.66 points or 0.73%, to 10,473.83.
