Asia stocks in mixed territory, S&P 500 hit new record high, trade hopes rises

29.10.2019 / 07:53

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Major Asian markets remain in mixed territory today as investors monitor the development of a trade front between the two largest economies in the world and their attempts to reach an agreement.

In Japan, the Nikkei 225 grew 0.4%, while Topix added 0.8%. Shares of ANA, however, fell more than 0.5% after a report that the company would post more than a 20% drop in revenue.

In South Korea, Kospi trades at a slight loss. ASX 200 in Australia added 0.11%.

Hang Seng in Hong Kong closed its earlier gains down 0.4%, with HSBC losing 1.58% after the lender posted worse quarterly reports. Profit after tax fell 18% yoy.

At the same time, speculation has emerged that Hong Kong will announce negative growth for the year amid ongoing protests that have been ongoing for several months.

Trader Aleksandar Kumanov

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Asia stocks in mixed territory, S&P 500 hit new record high, trade hopes rises

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