Asian stock markets were mixed in early trading Monday, as President Donald Trump visited Japan and talked trade with Prime Minister Shinzo Abe.
On Monday, Trump became the first world leader to meet Japan’s new emperor, Naruhito, and later met with Abe to discuss trade and other world issues.
While no U.S.-Japan trade deal has been reached, Trump tweeted Saturday: “Great progress being made in our Trade Negotiations with Japan. Agriculture and beef heavily in play. Much will wait until after their July elections where I anticipate big numbers!”
Meanwhile in Europe, centrist parties suffered losses in European Parliament elections, with far-right parties and the Green Party making inroads. However, the populist gains were not as great as some had expected, and pro-EU parties will control more than two-thirds of the seats.
U.S. financial markets will be closed Monday in observance of Memorial Day.
rose 0.3% while Hong Kong’s Hang Seng Index
slipped 0.7%. The Shanghai Composite
retreated 0.4% and the smaller-cap Shenzhen Composite
rose slightly. South Korea’s Kospi
sank 0.2%, while benchmark indexes in Taiwan
were mixed. Australia’s S&P/ASX 200
was about flat.
Among individual stocks, oil producer Inpex
gained in Tokyo trading, as did Uniqlo parent Fast Retailing
and SoftBank Group
. In Hong Kong, food processor WH Group
fell, along with Tencent
and China Life Insurance
. SK Hynix
declined in South Korea, and in Australia, BHP
rose while Oil Search