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The Independent UK
The Independent UK
National
Via AP news wire

Asian stocks higher as US-China tensions rise

Copyright 2022 The Associated Press. All rights reserved

Asian stock markets were mostly higher Wednesday as traders watched for signs trade might be disrupted by U.S.-Chinese tensions over an American lawmaker's visit to Taiwan.

Shanghai, Hong Kong, Tokyo and Seoul advanced after Beijing announced a ban on imports of some Taiwanese goods but no immediate major penalties following the arrival of Speaker Nancy Pelosi of the U.S. House of Representatives. The mainland's ruling Communist Party claims Taiwan as part of its territory and rejects foreign official contact with the self-ruled island democracy.

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