Asian markets were mostly lower in early trading Wednesday, after the Dow Jones Industrial Average
DJIA, -0.05%
snapped a six-session winning streak.
The major indexes on Wall Street gave up early gains and ended the day slightly lower. On the trade front, President Donald Trump took credit for holding up U.S.-China trade talks, saying he has “no interest” in a deal unless China agrees to terms it had previously agreed upon. “We’re going to either do a great deal with China or we’re not going to do a deal,” Trump told reporters Tuesday.
Japan’s Nikkei
NIK, +0.09%
was mostly unchanged. Hong Kong’s Hang Seng Index
HSI, -1.50%
slid 1.5% as protesters again swarmed the streets in opposition to a possible new extradition law with mainland China. The Shanghai Composite
SHCOMP, -0.57%
retreated 0.6% and the smaller-cap Shenzhen Composite
399106, -0.42%
fell 0.3% as May data showed China’s consumer inflation hit a 15-month high, in line with forecasts. South Korea’s Kospi
180721, -0.22%
slipped 0.2%, while benchmarks in Taiwan
Y9999, -0.15%
and Indonesia
JAKIDX, -0.32%
backtracked. Stocks were up slightly in Singapore
STI, +0.17%
, and Australia’s S&P/ASX 200
XJO, +0.16%
rose 0.2%.
Among individual stocks, SoftBank Group
9984, -2.02%
and Yahoo Japan
4689, -3.18%
fell in Tokyo trading, while Toyota
7203, +1.00%
rose. In Hong Kong, Sunny Optical
2382, -6.18%
slid, along with Sands China
1928, -2.70%
and New World Development
17, -3.27%
. LG Electronics
066570, -1.09%
and SK Hynix
000660, -1.49%
dropped in South Korea, while Foxconn
2354, -0.81%
declined in Taiwan after the Apple
AAPL, +1.16%
supplier said it could move production operations out of China if trade tensions heat up. BHP
BHP, +2.76%
and Rio Tinto
RIO, +2.14%
surged in Australia.
Source : MTV
