Forex News

Asian stocks mixed ahead of trade talks resumption

Asian stocks mixed ahead of trade talks resumption

Most stocks in Asia fell on Monday as investors awaited the resumption of U.S.-China negotiations in Shanghai this week as a delegation from Washington is traveling to Beijing today amid low expectations for a major breakthrough.

While the two sides had expressed the necessity of reaching a deal, investors are skeptical that this would occur, especially after China had accused the U.S. of flaring protests in Hong Kong.

Japan’s Nikkei 225 fell 0.37 percent to 21,578.75 points, moving further away from Thursday's two-and-a-half-month peak despite positive signs from Wall Street.

While the Chinese shares were mixed, where the Shanghai Composite Index fell 0.12 percent to reach 2,941.01 points, and both Shenzhen and Shenzhen composite were slightly higher at 9,354.28 and 1,574.95 respectively.

Hong Kong's Hang Seng index dropped 1.16 percent in the last hour of trading amidst clashes between protesters and police over the weekend.

South Korea Kospi index fell 1.78 percent to finish at 2,029.48 points lower than the historical data during the same period in 2018.

On the other hand, Australia’s S&P/ASX 200 index rose about 0.48 percent to reach 6,825.80 points.

Later in the week, investors will focus on the U.S., as the Federal Reserve is widely predicted to cut interest rates by 25 basis points to 2.5 percent.

Meanwhile the dollar index, which measure the performance of six major currencies, slightly rose about 0.04 percent to 98.05.

Share Article