Asian stocks traded mostly in the red zone on Thursday, as optimism about the progress in trade negotiations between the two largest economies, the United States and China, began to fade. Shares in Tokyo, Hong Kong showed a decline, having followed the weak Wall Street’s performance.
The Japanese Nikkei index fell by 0.65 percent at 7.40 GMT, while the Australian S&P / ASX 200 rose almost 0.3 percent.
The South Korean Kospi and Hong Kong Hang Seng slipped by 0.45 percent and 0.76 percent respectively, while the Shanghai Composite recorded a slight increase of 0.14 percent.
Weak economic reports, trade uncertainty and concerns over a slowdown in economic growth have put immense pressure on the market in the last couple of weeks.
U.S.’s and China’s officials recently gave a hint, that a definite agreement could be concluded by the end of March, when President Donald Trump and President Xi Jinping may meet in private to strike finally a deal.
Asian investors also remain cautious ahead of a ECB Council meeting, which will be held on Thursday afternoon.