Asia-Pacific markets traded mixed Monday, with investors awaiting more details of the trade talks between the U.S. and China, which were set to kick off in Stockholm later in the day.
In Japan, markets the Nikkei 225 tumbled 457.96 points, or 1.1%, to 40,998.27.
In Hong Kong, the Hang Seng regained 173.78 points, or 0.7%, to 25,562.13.
Shares of Japanese semiconductor equipment maker Advantest plunged over 10% in early trade
Samsung Electronics’ shares rose after it announced its $16.5-billion contract to supply semiconductors to Tesla
Hong Kong’s CK Hutchison wants a Chinese firm as a ‘major strategic investor’ for a BlackRock-led consortium bidding for its ports business
CHINA
In Shanghai, the CSI 300 eked higher 8.86 points, or 0.2%, to 4,135.82.
The talks will be led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. Bessent said on Fox Business that he expects a trade-truce extension during the negotiations, which he added will include a broader range of topics, such as Beijing’s oil purchases from Russia and Iran.
The U.S.-China talks followed U.S. President Donald Trump’s announcement that the U.S. had reached an agreement with the European Union on Sunday stateside.
The president had previously threatened 30% tariffs on most imported goods from the U.S.’s largest trading partner.
In other markets
In Korea, the Kospi index added 13.47 points, or 0.4%, to 3,209.52.
In Singapore, the Straits Times index dropped 19.92 points, or 0.5%, to 4,241.14.
In Korea, the Kospi index inched up 13.47 points, or 0.4%, to 3,209.52.
In Taiwan, the Taiex index soared 48.6 points, or 0.2%, to 23,412.98.
In New Zealand, the NZX 50 gained 57.28 points, or 0.5%, to 12,910.74.
In Australia, the ASX 200 recovered 30.85 points, or 0.4%, to 8,697.71.
