Asian markets retreated in early trading Friday, as the G-20 summit kicked off in Japan.

President Donald Trump met with the leaders of Japan, Germany and India on the sidelines of the G-20 meeting in Osaka, Japan, and said he was optimistic about making trade deals with all three of those countries. Trump was scheduled to meet with Russia’s Vladimir Putin later in the day, and with China’s Xi Jinping on Saturday, and hopes are high that the meeting with Xi will produce a cease-fire in the trade war.

Japan’s Nikkei

NIK, -0.55%

  slipped 0.6% and Hong Kong’s Hang Seng Index

HSI, -0.61%

  fell 0.7%. The Shanghai Composite

SHCOMP, -0.88%

  dropped 1% and the smaller-cap Shenzhen Composite

399106, -1.18%

  slid 1.3%. South Korea’s Kospi

180721, -0.33%

 declined 0.2%, and benchmark indexes in Taiwan

Y9999, -0.44%

 , Singapore

STI, -0.10%

  and Indonesia

JAKIDX, +0.14%

  were mixed. Australia’s S&P/ASX 200

XJO, -0.26%

  fell 0.2%.

Among individual stocks, beer maker Sapporo Holdings

2501, +2.20%

  gained in Tokyo trading, while Japan Steel

5631, -2.52%

  and Chiba Bank

8331, -2.61%

  fell. In Hong Kong, food processor WH Group

288, -3.42%

  sank, as did oil producer CNOOC

883, -1.49%

  and casino operator Sands China

1928, -1.07%

 . Chip maker SK Hynix

000660, -1.57%

  fell in South Korea, and BHP

BHP, -1.95%

  and Rio Tinto

RIO, -2.97%

  dropped in Australia.

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