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Asian indices fail to rally as trade talks are in focus

  • Regular
  • Asian Market
  • 7 months ago
  • 105

With focus on the trade talks between the U.S. and China in Beijing today, Asian indices mostly traded lower bar a couple of late rallies to close higher.

Mainland Chinese markets were slightly down as the Shanghai composite shed 0.9% and the Shenzhen composite fell by 0.6%, while in Hong Kong the Hang Seng rose by 0.2%.

In South Korea the Kospi retreated by 0.7% as LG Electronics and SK Hynix fell by 2.3% and 1.5% respectively.

The Japanese Nikkei 225 had a day to forget as it tumbled by 1.5% as Toyota continued a terrible week and Sony shares slipped by 1.9%, with the Topix also posting a bad day as it shed 1.5%.

Ending the session was the ASX 200 down under as it rose by 0.6%.

 

 

 

Source: Smart Trend Team