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Asian stocks are mixed as investors watch takeaways from Trump-Xi summit

The Independent·Chan Ho-Him·19 days ago
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Asian shares were mixed Thursday after Wall Street set more records, as investors closely monitored takeaways from U.S. President Donald Trump’s summit with Chinese leader Xi Jinping in Beijing . Trump met with Xi at the Great Hall of the People and they talked about U.S.-China relations and Taiwan, but analysts did not expect major breakthroughs. U.S. futures edged higher. Tokyo’s Nikkei 225 index was up 0.3% to 63,448.87, after briefly reaching another all-time intraday record at above 63,700, partly supported by robust corporate results. South Korea’s Kospi was up 0.5% to 7,884.71, helped by technology-related stocks. Hong Kong’s Hang Seng gained 0.7% to 26,584.88. The Shanghai Composite index lost 0.9% to 4,204.41. Australia’s S&P/ASX 200 edged down less than 0.1% to 8,627.80. Taiwan’s Taiex was up 0.6%, and India’s Sensex climbed 0.5%. Oil prices were trading higher, with no clear ending to the Iran war after more than two months. Some were hoping the Trump-Xi meeting could bring results, after U.S.…

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