Investors had earlier anticipated a potential cooling of trade tensions between the US and China as the two sides prepare for negotiations. But the sudden change in travel has put the investor in hopes of a breakthrough in negotiations.
Earlier in the day, President Donald Trump said the United States was seeking a "full deal" with China, not a partial one.
The US Attorney General's Office issued a brief statement on Friday calling the meeting "productive". China's Xinhua State News Agency also said the discussions were "constructive" on Saturday. But none of the parties further developed the talks.
"The market reacted quite negatively, as Chinese sales representatives were believed to have received their orders from Beijing an hour after President Donald Trump said he was not interested in a" partial deal. " [1
"Tensions in trade have provided many twists so far, with the armistice giving way to breathless progress and subsequent escalation," Achia wrote in a report on Monday.
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Here are some talking points on Asian markets at 1:00 pm Hong Kong time:
- Hong Kong exchange and clearing shares fell 2.5% in Hong Kong. Stock Exchange Executive Director Charles Li said on Saturday at a business forum in China that the company would continue to try to buy the London Stock Exchange according to Chinese state-owned media. The LSE rejected HKEX's initial bid of $ 37 billion earlier this month.
- Shares in Chinese conglomerate Fosun ( International dropped on Monday after the collapse of UK-based tour operator Thomas Cook. Fosun is the largest shareholder of the British company. Shares in Fosun international fell 1% in Hong Kong, while its subsidiary Fosun Tourism fell more than 5%. )
- Beijing-based UTour Group sank 5.4% in China after a deadly bus crash in Utah killed four Chinese tourists and injured 22 people. The company is the parent of the travel services group that organizes the trip.
- Alibaba Group subsidies have overcome a weak market trend and have risen in Hong Kong since the company's annual investor conference began on Monday in Hangzhou, China. Daniel Jang, the new chairman of the company who succeeded founder Jack Ma, reiterated Alibaba's goal of increasing total e-commerce platform sales to $ 1.4 trillion over the next five years. Alibaba Health Information Technology grew 1.4%. Alibaba Pictures Group gained 1.5%.