Asian markets mostly in red amid US-Japan trade talks

Markets 8/10/2018, 6:34 AM
Asian markets mostly in red amid US-Japan trade talks

Major stock markets in East Asia and Australia traded mostly with losses on Friday, as the United States and Japan negotiate the format of future trade relations between the two countries. Tokyo's Economic Minister Toshimitsu Motegi advocates a multilateral arrangement like the Trans-Pacific Partnership (TPP), while Washington's Trade Representative would like to see a bilateral trade deal with Japan. Meanwhile, the third economy in the world recorded an upswing in GDP growth in the second quarter of 2018, expanding 1.9% compared to the 0.2% decline in the quarter before.

Nikkei 225 declined 0.48% at 6:09 am CET.

China's Shanghai Composite dipped 0.14% at 5:30 am CET, while Shenzhen Composite was the only stock market in the green, advancing 0.37% at 5:26 am CET.

Hong Kong's Hang Seng lost 0.46% at 6:05 am CET. South Korean Kospi Composite fell 0.76% at 6:31 am CET.

Australia's S&P/ASX 200 contracted by 0.16% at 6:32 am CET.

The dollar was 0.34% lower against the Japanese yen, going for ¥110.7090 at 6:33 am CET.

Breaking the News / NI

Share:

Japan 225 Ind...-0.76%

21,177.00
Chart for: Japan 225 Index

KOSPI Composi...+0.11%

2,056.09
Chart for: KOSPI Composite Index

Australia 200...+0.27%

5,587.50
Chart for: Australia 200 Index

USD/JPY-0.14%

113.1210
Chart for: USD/JPY Spot