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Asian markets are falling down as concerns weigh on investors

Asian markets withdrew in early trade on Thursday, as geopolitical tensions and the reverse US Treasury curve weighed investors worried about a global economic downturn.

U.S. Treasury Secretary Steve Mnuchin expects Chinese officials to travel to Washington for renewed trade talks, but did not provide a timeline, Bloomberg News reports. He did not say whether a previously scheduled September meeting would take place. Mnuchin also told Bloomberg that the US does not plan to intervene in the US dollar market for the time being, although "situations may change in the future."

Japanese Nikkei

NIK, -0.09%

fell 0.5% and Hong Kong's Hang Seng Index

HSI, + 0.18%

slipped 0.6%. Shanghai Composite

SHCOMP, -0.10%

withdrew 0.2% while Shenzhen composite with smaller lid

399106, -0.17%

went down 0.1%. South Korea's Kospi

180721, -0.40%

fell 0.2%, while reference indices in Taiwan

Y9999, + 0.27%


STI, + 0.56%

and Indonesia

JAKIDX, + 0.11%

was mixed. Australia's S & P / ASX 200

XJO, + 0.10%

slipped 0.1%.

Among individual stocks was the e-commerce company Rakuten

4755, + 2.36%

increased trading in Tokyo while Honda

7267, -0.80%

and Nissan

7201, -0.49%

falls. In Hong Kong, Geely Automobile

175, -0.66%

fell, along with tech giant Tencent

700, + 0.19%

and casino operator Galaxy Entertainment

27, -0.60%

. Samsung

005930, -170%

and SK Hynix

000660, + 0.00%

retired in South Korea, and Beach Energy

BPT, + 1.75%

increased in Australia.

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