Asian markets mixed after Trump says China deal not close

Wednesday, 17. July 2019 07:56

Asian markets traded mixed on Wednesday after a lower close in the United States a day earlier following comments from President Donald Trump who said Washington and Beijing are not close to reaching a trade deal. Meanwhile, investors expect an interest rate cut from the Federal Reserve later this month after Fed Chair Jerome Powell said uncertainties led to higher chances of the Fed lowering rates.

Japan's Nikkei 225 traded 0.28% lower at 7:49 am CET.

Hong Kong's Hang Seng was also down, declining 0.29% at 7:50 am CET. The Shanghai Composite was 0.08% lower at 7:49 am CET while the Shenzhen Composite increased 0.44% at 7:50 am CET.

The S&P/ASX 200 gained 0.55% at 7:50 am CET and the Kospi fell 0.96% at 7:52 am CET as South Korea's trade dispute with Japan loomed over investor sentiment.

The dollar was flat against the yen, trading 0.02% down at 7:53 am CET and going for 108.2300.

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