Asian stocks mostly decline with Trump-Xi meeting awaited

Asian stocks mostly decline with Trump-Xi meeting awaited

On Thursday, Asian stocks mostly eased, with traders eagerly waiting for the tone of summit talks with Chinese President Xi Jinping in Florida.  

Japanese markets dropped on a stronger yen with the Nikkei 225 sliding 1.40%.

Additionally, Toshiba sacked the chairman of Westinghouse Electric, its American nuclear subsidiary, before the latter dared to file for bankruptcy the previous week. As a result, the Japanese conglomerate faces billions of US dollars in losses because of huge cost overruns incurred by Westinghouse. In Asia trade Toshiba stocks stood still.

The Shanghai composite grew 0.15%, Hong Kong's benchmark Hang Seng Index lost 0.48%. The Caixin services PMI for March in China hit a six-month minimum of 52.2, which is below expectations.

Overnight, American stocks closed lower after the Fed minutes from its March gathering. The major US bank dropped a hint that it would start shrinking its $4.5 trillion balance sheet later in 2017. 

 

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera