Asian stock markets were little changed in cautious early trading Wednesday, as lingering trade tensions weighed on traders.
China’s ambassador to the U.S., Cui Tiankai, said Tuesday on Fox News that “the door is still open” to resuming trade negotiations with the U.S., although no new talks are scheduled. Tensions have ramped up over the past week, though were tempered slightly Monday by reports that the Trump administration will offer 90-day exemptions for some U.S. companies doing business with Huawei Technologies.
gained 0.3%, as data showed exports fell for a fifth straight month in April. Hong Kong’s Hang Seng Index
inched up 0.2%, while the Shanghai Composite
edged down 0.1% and the smaller-cap Shenzhen Composite
slipped 0.2%. South Korea’s Kospi
was about flat, while benchmark indexes in Taiwan
posted only slight movement. Australia’s S&P/ASX 200
was about flat.
Among individual stocks, SoftBank Group
rose in Tokyo trading while Suzuki Motor
tumbled. In Hong Kong, casino operator Sands China
gained while China Mobile
slipped. SK Hynix
slid in South Korea while chip-making rival Taiwan Semiconductor
jumped in Taiwan. Westpac
gained but Fortescue Metals
fell in Australia.
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