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.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.