Asian stock markets showed mixed results in early trading on Thursday, due to the fact that the United States and China began a new round of trade negotiations in Washington. China’s main negotiator, Liu Hye, is due to meet with Donald Trump on Thursday, and Larry Kudlow, Trump’s chief economic adviser, is optimistic that both sides may come to a final agreement this week.
Asian stocks retreated from eight-month highs on Thursday, as investors took profits fearing that a further trade negotiation scenario could affect the growth prospects of the global economy.
The MSCI’s composite index of the Asia-Pacific region outside of Japan dropped by 0.4 percent after reaching the highest level since the end of August on the basis of five-day growth.
Japan’s Nikkei advanced 0,05 percent to 21,724.95, while Hong Kong’s Hang Seng lost 0,12 percent to 29,964.73;
The Shanghai Composite jumped 0.94 percent to 3,246.57;
South Korea’s Kospi inched up 0.15 percent to 2,206.53;
Singapore’s Straits Times and Indonesia’s index rose by 0.18 percent and 0.36 percent respectively, while Australia’s ASX 200 crashed 0.83 percent to 6,232.80 at 8.14 GMT.