Asian stocks mostly lower amid political uncertainties – Minneapolis Star Tribune

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SEOUL, South Korea — Asian stock markets were mostly lower on Wednesday as a rise in political uncertainties dented risk sentiment with investors keeping their eyes on developments in the White House.

KEEPING SCORE: Japan’s Nikkei 225 fell 0.5 percent to 19,822.19 and South Korea’s Kospi dipped 0.3 percent to 2,288.98. Hong Kong’s Hang Seng index slipped 0.3 percent to 25,256.98. Shanghai Composite Index edged down 0.04 percent to 3,111.72. Australia’s S&P/ASX 200 sank 1 percent to 5,791.80. Taiwan’s benchmark index was lower but markets in Singapore and other Southeast Asian markets were mixed.

US POLITICS: Analysts said investors were concerned by the course of U.S. administration after revelations that FBI Director James Comey wrote in a memo that President Donald Trump asked him to shut down an FBI investigation into ousted national security adviser Michael Flynn. The allegation followed the U.S. president’s tweets that he had disclosed classified information with the Russian foreign minister and ambassador to the U.S.