Asia mostly lower after US-China talk

Wednesday, 02. June 2021 07:17

Equities on major stock markets in the Asia-Pacific region traded mostly lower on Wednesday after a virtual meeting between United States Treasury Secretary Janet Yellen and China's Vice Premier Liu He. According to Washington, the two officials spoke about "plans to support a continued strong economic recovery and the importance of cooperating on areas that are in U.S. interests, while at the same time frankly tackling issues of concern."

The Nikkei 225 advanced 0.52% at 7:11 am CET. The Shanghai Composite decreased by 0.65% at 5:30 am CET and the Shenzhen Composite Index fell 1.03% at 7:12 am CET. The Hang Seng lost 0.46% at the same time. The Kospi was up 0.07% at 7:13 am CET. The S&P/ASX 200 in Australia gained 0.94% at 7:15 am CET after data reports showed that the country's economy surpassed the pre-coronavirus pandemic levels.

The dollar was 0.20% higher compared to the Japanese yen at 7:17 am CET, trading for 109.7055.

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Breaking the News / MS