Markets in Asia ended mixed after news that the meeting between Xi and Trump was postponed



Asian markets were trading mixed after it became clear during the US session that a deal between Xi and Trump to close the deal was postponed.

Major Chinese stocks remained mixed, with Shanghai Composite down 0.2%. Shenzhen Component and Shenzhen Composite were down 0.1% each.

In Hong Kong, the Hang Seng index also fell 0.4%, with sales led by Tencent, whose shares fell 1.62%.

In Japan, the Nikkei 225 traded with minimal southward change, while the Topix remained almost flat. Softbank shares fell 0.6% after falling 3% earlier. The move came after the announcement of financial results, with the company reporting a loss for the first time in 14 years. Toyota reports are expected later.

In South Korea, Kospi was down 0.18%, with Samsung Electronics taking the biggest loss of 1.13%.

The Australian ASX200 rose 0.55%. Earlier, trade balance data showed a 9% increase.

The broad MSCI Asia ex-Japan index fell 0.25%.

The US dollar rose to levels of 97,948. The Japanese yen strengthened positions, reaching 108.83 against the dollar from its peak at 109 yesterday. The Australian dollar fell to levels at 0.6873 after the worsening sentiment for the trade war.

Oil prices registered minimal changes, with BRENT trading at 61.76 and WTI at 56.36.

 Jr Trader Martin Nikolov

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