Yahoo Finance Chinese Stocks Slip Despite "Very Good" Trade Talks; Other Asian Markets Rise
Investing.com - Asian markets traded mostly in the green in morning trade on Friday, but Chinese stocks slipped even after U.S. President Donald Trump said the first day of Sino-U.S. trade talks were “very, very good.”
Trump added that he plans to meet with Chinese Vice Premier Liu He later in the day.
“We just completed a negotiation with China, we’re doing very well, we’re having another one tomorrow. I’m meeting with the vice premier over at the White House, and I think it’s going really well,” Trump said Thursday. “We’re going to see them tomorrow, right here, and it’s going very, very well.”
It was previously reported that the Chinese negotiating team might leave Washington earlier than planned due to worsening relationship with the U.S. Earlier this week, the U.S. blacklisted eight Chinese technology firms.
But things were looking more optimistic yesterday after some reports suggested that China is open to a partial trade deal and even offer to purchase more U.S.-made agricultural products.
Despite the positive trade news today, China’s Shanghai Composite slipped 0.1% by 10:45 PM ET (02:45 GMT), while the SZSE Component was down 0.4%.
Other Asian markets rose. Hong Kong’s Hang Seng Index gained 0.7%, while Japan’s Nikkei 225 and South Korea’s KOSPI both traded 1.0% higher.
Down under, Australia’s ASX 200 climbed 0.8%.
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