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.

Japan’s Nikkei

NIK, +0.31%

  rose 0.3% while Hong Kong’s Hang Seng Index

HSI, -0.80%

  slipped 0.7%. The Shanghai Composite

SHCOMP, -0.41%

  retreated 0.4% and the smaller-cap Shenzhen Composite

399106, +0.14%

  rose slightly. South Korea’s Kospi

180721, -0.24%

  sank 0.2%, while benchmark indexes in Taiwan

Y9999, -0.08%

 , Singapore

STI, -0.25%

  and Indonesia

JAKIDX, +0.65%

  were mixed. Australia’s S&P/ASX 200

XJO, -0.04%

  was about flat.

Among individual stocks, oil producer Inpex

1605, +2.05%

  gained in Tokyo trading, as did Uniqlo parent Fast Retailing

9983, +1.14%

 and SoftBank Group

9984, +1.75%

 . In Hong Kong, food processor WH Group

288, -2.43%

  fell, along with Tencent

700, -1.79%

  and China Life Insurance

2628, -1.65%

 . SK Hynix

000660, -1.78%

  declined in South Korea, and in Australia, BHP

BHP, +1.15%

  rose while Oil Search

OSH, -1.22%


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