Asian indices drop as Trump decides not to meet Xi ahead of deadline
- Asian Market
- 1 week ago
Asian indices fell as word got out that Trump made it clear he will not be meeting his counterpart Xi Jinping ahead of the trade deadline on March 2.
Hong Kong’s Hang Seng shed 0.8% following the Lunar New Year as shares of Tencent dropped by 0.5% and CNOOC and CSPC also gave up 2.4% and 2.5% respectively.
Meanwhile AAC rose by 3.1% along with Sunny Optical by 3.4% and AIA Group advanced by 2.4%.
The South Korean Kospi, however, declined by 1.2% as Samsung dropped by 2.9% and to round things up the Aussie ASX 200 followed suit by sliding by 0.4% as energy stocks such as Santos, Woodside Petroleum and Beach Energy all fell.
Source: Smart Trend Team