Hong Kong/New York —
The Trump administration announced on Monday it would further tighten restrictions on China’s Huawei Technologies, aimed at cracking down on its access to commercially available chips. Japan’s Nikkei dipped 0.52%, while most markets traded in a narrow band with Chinese blue chips dropping 0.25%. The Australian benchmark index rose 0.12%.The Nasdaq surged to a record high close on Monday and the S&P 500 approached its own record level, with both indices lifted by technology stocks.
The US dollar softened against most currencies after disappointing manufacturing and mortgage data, Commonwealth Bank of Australia analyst Joseph Capurso wrote in a note.
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