Nikkei: Index and Shanghai

nikkei: It recovered some of those losses to trade 1% lower by early afternoon, still underperforming other major indexes in the region, according to CNN. Japan's Nikkei N225 fell 0.4%. South Korea's Kospi KOSPI dropped 0.7%. China's Shanghai Composite Index SHCOMP also lost 0.6%. President Trump lashed out at China's trade practice in a UN speech on Tuesday and said he won't accept a bad deal. Hong Kong's Hang Seng Index HSI briefly tumbled 1.4% to its lowest level in three weeks. Not only has China declined to adopt promised reforms, it has embraced an economic model dependent on massive market barriers, heavy state subsidies, currency manipulation, product dumping, forced technology transfers and the theft of intellectual property and also trade secrets on a grand scale, Trump said. He said the United States should not try and change China and there will be endless troubles if the United States and China disengage, according to a statement by the Foreign Ministry. Read More Wang Yi, China's Foreign Minister, rejected the criticisms in a speech in New York. (news.financializer.com). As reported in the news.