Asian markets were muted in early trading Friday, as investors appeared to be readjusting their expectations about trade negotiations between the U.S. and China.
As high-level meetings between the worlds two largest economies were being conducted in Washington, President Donald Trump kept expectations low, saying China had become spoiled and that he doubted negotiations would be successful.
Japans Nikkei index
was up slightly, putting it on pace for an eighth straight week of gains. Rising yields on U.S. Treasurys boosted Japanese insurance companies, with T&D Holdings Inc.
and Dai-ichi Life Holdings Inc.
posting early gains. A weakening yen also helped Japanese manufacturing companies, with equipment maker SMC Corp.
up almost 3% and robot-maker Fanuc Corp.
up about 1.5%.
South Koreas Kospi
advanced, following gains by Samsung Electronics
. Australias S&P/ASX 200
was teetering between gains and losses, while the indexs energy sector hit a three-year high. Woodside Petroleum
and Oil Search
all were in the green. Stocks in New Zealand
were up, though not enough to make up for losses earlier this week.
Hong Kongs Hang Seng Index
was down a fraction, as was Chinas Shanghai
composites. Singapores Straits Times Index
was last down more than 0.4%.
Related Topics Asia Markets China Japan Australia Singapore Foreign Investment
Quote References NIK +57.74 +0.25% 8795 +32.00 +1.68% 8750 +16.50 +0.72% 6273 +1,350.00 +3.20% 6954 +285.00 +1.20% SEU +6.50 +0.27% 005930 +150.00 +0.30% XJO -9.80 -0.16% WPL +0.10 +0.29% STO +0.08 +1.29% OSH +0.03 +0.29% NZ50GR +12.20 +0.14% HSI +58.60 +0.19% SHCOMP +12.04 +0.38% 399106 -3.05 -0.17% STI -12.67 -0.36% Show all references
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NIKKEI 225 Index Nikkei Idx: NIK 22,896.11 +57.74 (+0.25%)