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Asian shares up in subdued trading after Trump's visit to Japan




TOKYO (AP) – Asian equities rose mainly in subdued trading on Tuesday in the absence of major market-driven news on trade negotiations during the visit of President Donald Trump to Japan.

Japan's benchmark index Nikkei 225 increased 0.4% early trading to 21,274.60, while Australia's S & P / ASX 200 was 0.6% to 6,490.40. South Korea's Kospi was little changed, but admitted up to 2,045.11. Hong Kong's Hang Seng increased 0.3% to 27.375.16, while the Shanghai Composite rose nearly 0.6% to 2.908.40.

Trump completed his state visit to Japan, which started Saturday. The market reaction to his comments was subdued.

Trump pointed to the US's continuing "huge" trade imbalance with Japan, but he also said that a trade deal came later this year, noting that he expects it "once into the future."

US markets were closed Monday to Memorial Day holiday.

"Given the lack of response to President Donald Trump's words and vacuum of leaders, Asian markets are looking to trade to their own tune from a mixed but subdued start to Tuesday," said Jingyi Pan, marketing strategist at Singapore's IG. 19659007] Stocks rose in Europe on Monday, when pro-EU forces retained the majority in the 28-nation parliament, despite the rise of nationalist parties in a region-wide vote, Britain's exchange remains closed for a bank holiday.

In European elections, far right and populist parties among the biggest winners, when voters expressed concerns about immigration and security.

Concerns about trade friction between the United States and China, as well as the friction between the United States and Japan, continue to starve.

The 11th Round of the US-China trade negotiations concluded without agreement, instead, the United States moved to increase tariffs on Chinese goods, which led China to repay.

ENERGY:

Benchmark US crude increased 55 cents to $ 59.18 per barrel. Brent crude, the international standard, dropped 6 cents to $ 68.71 per barrel.

CURRENCY:

The dollar went slightly to 109.48 yen from 109.53 yen on Monday. Euro edge down to $ 1.182 from $ 1.193.



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