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Asia Stocks Edged Lower As Financiers Wait For G-20 Meeting Progress

Recently, the stocks in Asia Pacific region declined as financiers watched for progress from the G-20 meeting in Japan, where the U.S. President Donald Trump and China’s President Xi Jinping are anticipated to meet in the middle of the ongoing trade standoff. The Nikkei 225 in Japan declined by 0.29% to end at 21,275.92, with shares of robot manufacturer Fanuc slipping by 0.52%. The Topix index also fell by 0.14% to finish its trading day at 1,551.14. Chinese stocks dropped on the day, with the Shanghai Composite falling by 0.6% to 2.978.88 and the Shenzhen Component shedding by 0.66% to 9,178.31. The Shenzhen Composite also decreased by 0.959% to 1,562.42. Hang Seng index in Hong Kong turned down over 0.3%.

In South Korea, the Kospi closed its trading day at 0.17% lower at 2,130.62, whereas Australia’s S&P/ASX 200 collapsed by 0.71% to end at 6,618.80. On Wall Street, the S&P 500 surged by 0.4% to end at 2,924.92 and the NASDAQ Composite augmented by 0.7% to finish its trading day at 7,967.76. However, the Dow (Dow Jones Industrial Average) shed 10.24 points to end at 26,526.58. Trump and Xi are planned to meet soon at the G-20 summit in Japan, where they are anticipated to confer trade deal, as investors watch for indications of whether the two economies can make development toward concluding their protracted trade fight.

On a similar note, recently, the dollar was steady and markets were edgy before Trump-Xi talks at G-20. The dollar trod water as financiers awaited for a crucial meeting amid the leaders of the U.S. and China at a G-20 summit for any signs of advancement to end their heated trade war. The mood perked up after the South China Morning Post stated that Beijing and Washington were laying out a deal that will help in avoiding the next round of tariffs.

Daniel Serrano
Daniel Serrano Subscriber
EDITORIAL MANAGER At Daily Industry Updates

Daniel Serrano had acquired considerable experience in writing and editing publications before recruited by Daily Industry Updates news portal as Editorial Manager. His key task is to conduct effective business reviews based on the most recent business strategies. Due to his stronghold and understanding over finance, marketing, business, and trade-related topics, he is known as a business counselor among the staff. His expertise in business-related topics is quite impressive. His business-related concepts are on fingertips, which aids in illustrating the business-related articles in brief and defined way, clear to even an amateur. He pursued his post graduation in Finance from a UK-based university.

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