Asian markets trade mostly higher as US, China talk trade

Markets 5/18/2018, 6:51 AM
Asian markets trade mostly higher as US, China talk trade

Asian markets rebounded on Friday as China and United States continue negotiating on trade in Washington DC. Chinese Commerce Ministry canceled an anti-dumping investigation into imports of US sorghum, a grain used for animal food and as an ingredient in alcoholic drinks, saying it is not in the "public interest." Meanwhile, Consumer Price Index in Japan grew 0.6% on an annualized basis, before seasonal adjustment, Statistics Bureau of the Ministry of Internal Affairs and Communications reported.

Japanese Nikkei 225 was up 0.6% at 6:19 am CET.

China's Shanghai Composite grew 0.28% at 6:30 am CET, while Hong Kong's Hang Seng increased 0.17% at 6:05 am CET. Shenzhen Composite was almost flat, advancing only 0.06% at 5:30 am CET.

South Korean Kospi Composite added 0.26% at 6:47 am CET. Australia's S&P/ASX 200 lost 0.22% lower at 6:48 am CET.

The dollar was 0.15% stronger than the Japanese yen, to change hands for ¥110.9290 at 6:50 am CET.

Breaking the News / NI

Share:

Japan 225 Ind...+0.31%

22,359.50
Chart for: Japan 225 Index

Hong Kong 50 ...-0.16%

30,575.00
Chart for: Hong Kong 50 Index

KOSPI Composi...-0.21%

2,460.80
Chart for: KOSPI Composite Index

USD/JPY+0.18%

109.459
Chart for: USD/JPY Spot