Asian stocks trade in the red with focus on trade

Thursday, 18. April 2019 08:00

Stocks in Asia traded in negative territory on Thursday after Nikkei/IHS Markit said that Japan's manufacturing sector declined further in April for the third month in a row. On the trade front, United States President Donald Trump said that trade talks with China are "moving along nicely" with a deal coming "very shortly," without revealing specifics. A report emerged alleging that a potential summit between Trump and his Chinese counterpart Xi Jinping might take place in Japan in May.

Tokyo's Nikkei 225 was 0.86% in the red at 7:36 am CET. South Korea's Kospi Composite index fell 1.34% at the same time.

Mainland China's Shanghai Composite and Shenzhen Composite lost 0.24% and 0.22%, respectively, at 7:55 am CET. Hong Kong's Hang Seng was down 0.61% at 7:57 am CET.

Australia's S&P/ASX 200 was down by 0.11% concurrently.

The Japanese yen retreated 0.17% against the dollar, buying ¥111.8770 at 7:59 am CET.

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Breaking the News / NI