Economic news

Asian shares loose in weight on uncertainty of trade talks

Asian stocks edged down on Friday amid uncertainty in trade talks between Washington and Beijing, particularly after President Donald Trump announced that he wasn’t going to meet Chinese leader Xi Jinping before March, 2, when a tariff pact would end.

asian stocks down Photo: Reuters

Safe-haven government bonds stood to gain from this situation of growing fears over the global outlook.

Hong Kong’s Hang Seng, coming back from a Lunar New Year break, recovered 0.6 percent, while the South Korea’s Kospi climbed down 1.20 percent. The Australia’s S&P ASX 200 lowered 0.34 percent.

The dollar sank slightly against yen at 109.75, having slipped from 110.09, the value from the previous day. One mentioned, that the yen has a such peculiarity to rise demand in times of political tensions.

The Aussie slumped 0.35 percent to $0,7079 after the RBA cut its growth outlook.

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