Asian markets mostly edged down in slow trading early Monday, as investors awaited a meeting between Presidents Donald Trump and Xi Jinping later this week.
The leaders of the U.S. and China are expected to meet on the sidelines of the G-20 meeting in Osaka, Japan. Trade negotiators from the two nations recently have been in contact, discussing ways to resolve their disputes and “consolidate the important consensus” ahead of the summit, the Associated Press reported.
Japan’s Nikkei NIK, -0.49% slipped 0.2% and Hong Kong’s Hang Seng Index HSI, -1.26% retreated 1.2%. The Shanghai Composite SHCOMP, -1.82% fell 1.6%. South Korea’s Kospi 180721, -0.09% was about flat, while benchmark indexes in Taiwan Y9999, -0.58% , Singapore STI, -0.06% and Indonesia JAKIDX, +0.48% were mixed. Australia’s S&P/ASX 200 XJO, -0.01% was about flat.
Among individual stocks, Inpex 1605, -2.59% and Sony 6758, -1.88% fell in Tokyo trading, while Takeda Pharmaceutical 4502, +1.74% gained. In Hong Kong, Wharf Real Estate 1997, +0.90% rose while Tencent 700, -2.02% and Sands China 1928, -2.04% dropped. LG Electronics 066570, -1.23% declined in South Korea, and Taiwan Semiconductor 2330, -1.04% fell in Taiwan. Beach Energy BPT, -1.80% and Oil Search OSH, -1.67% sank in Australia.
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