Asian stock open the week mostly negative

Economies.com
2019-11-11 04:09AM UTC

The major Asian stocks indices opened mixed but mostly negative on Sunday, as the Japanese stocks were mixed, with the Chinese, Hong Kong's Hang Seng and the South Korean Kospi index falling, while the Australian and New Zealand stocks rose, as markets parse the recent political jitters in Hong Kong and the latest developments about the US and China trade war.

 

The political turmoil in Hong Kong escalated further over the weekend, which has resulted in injuring at least two protesters in the city by local police opening fire on mass protests according to a recent news report, in addition to the authorities arresting three pro-democracy lawmakers.

 

President Trump said on Saturday that the trade talks with China are going "very well" and that Beijing wants a trade deal "much more than me", which helped to renew hopes after the recent White House's statements that denied a complete rollback of the Chinese tariffs.

 

The Japanese stocks were mixed today, as Topix rose by 0.03% or 0.55 points to 1,703.32 points, while Nikkei 225 fell by 0.19% or 44.59 points to 23,347.28.

 

While the Chinese stocks fell during the sessions, as the CSI 300 index fell by 1.28 % or 50.81 points to 3,922.20, and the Shanghai Composite index fell by 1.22% or 36.14 points to 2,928.04.

 

Hong Kong's Hang Seng Index fell by 2.11% or 584.07 points to 27,067.07, and South Korean Kospi fell by 0.71% or 15.15 points to 2,122.08.

 

To New Zealand's NZX 50, which rose by 0.30% or 32.17 points to 10,909.15, and the Australian S&P/ASX 200 rose by 0.54% or 36.30 points to 6,760.40.

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