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Spain Attack, White House Fears Weigh on Asia

Asia markets were pressured in Friday trade after investors on Wall Street sold off on growing uncertainty over the Trump administration's ability to follow through on its economic policies.

In Japan, the Nikkei 225 index plummeted 232.22 points, or 1.2%, to 19,470.41,

The Hang Seng Index lost 296.65 points, or 1.1%, to 27,047.57

Australian markets were driven by broad-based losses across most sub-indexes. The heavily-weighted financials sub-index lost 1.1%

In Asia, Wynn Macau stock was up 0.5% after earlier falling more than 2%. The Hong Kong-listed subsidiary of Wynn resorts reported a profit of HK$1.59 billion ($203.47 million U.S.) for the first half of the year, above the HK$1.1 billion recorded for the same period a year earlier.

Other gaming plays traded lower: SJM Holdings shed 0.4% and Sands China was off 0.9% late afternoon Friday local time.

Meanwhile, computer manufacturer Lenovo posted a loss of $72 million U.S. in the quarter ending on June 30, citing challenging market conditions and supply constraints. Lenovo stock was down 3.8%.

The U.S. currency lost ground against the yen, with the greenback fetching 108.99 yen late afternoon Friday, compared with levels around 110 seen mid-week.

Markets also kept an eye on news of a terror attack which involved a van driving into crowds near a popular tourist destination in Barcelona, Spain, on Thursday. At least 13 were killed in the attack, which also injured more than 100 others.

CHINA

The CSI 300 inched up 3.39 points, or 0.1%, to 3,724.67

China Unicom said shares of the company traded in Shanghai and Hong Kong would remain suspended due to a lack of details over a fundraising deal, Reuters reported. The state-owned telecommunications group had earlier announced it was raising around $11.7 billion U.S. from investors, including Tencent and Alibaba, as part of mixed ownership reform.

In economic news, new home prices in China climbed 0.4% in July from a month earlier. That was below the rise of 0.7% seen in June. On a yearly basis, average new home prices rose 9.7% from the year-earlier month

In other markets

In Singapore, the Straits Times Index dropped 16.89 points, or 0.5%, to 3,251.99

In Taiwan, the Taiex index subtracted 48.04 points, or 0.5%, to 10,321.33

In Korea, the Kospi index was down 3.3 points, or 0.1%, to 2,358.37

In New Zealand, the NZX 50 added 3.49 points to 7,873.55

In Australia, the ASX 200 doffed 32.09 points, or 0.6%, to 5,747.11