Asian indices fail to rally as trade talks are in focus
- Asian Market
- 7 months ago
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