US-China trade negotiations, US retail, currencies in focus
The major Asian stock markets stopped lower on Friday, following the release of US detail data overnight, causing concerns over a weakening US economy. Investors are waiting for developments from the ongoing trade negotiations in China and China.
Chinese markets in China showed a day-to-day loss, while the Shanghai composite fluctuated 1.37 percent to close to 2,682.38 while the Shenzhen component fell 1.148 percent The Shenzhen Composite also reduced 0.67 percent to close at 1,389.47
Hong Kong's Hang Seng Index fell 1[ads1].91 percent in its last hour of trading. came after Chinese inflation data for January was not expected and came in at 1.7 percent higher than a year ago, said the National Bureau of Statistics on Friday, economists asked after Reuters had expected China's consumer price index to come in at 1, 9 per cent higher this year, CPI in December – a rise in prices for goods and services – rose 1.9 per cent in the same period
At the same time, trade negotiations between China and the United States have been continually ongoing In Beijing, investors were closely monitored for developments. ] Japanese N No 225 was down 1.13 percent to close 20,900.63 while Topix fell 0.79 percent to 1,577.29. Shares in Japanese conglomerate Softbank Group fell 4.4 percent.
South Korea's Kospi throw 1.34 percent to close 2,196.09 as shares of business weight Samsung Samsung and chipmaker SK Hynix fell 3.05 percent and 4.65 percent respectively.
Australia's ASX 200 bucked The general trend in the region increased by 0.11 percent to 6 066.10. The energy sub-index rose 0.76 per cent as the oil stocks mainly achieved. Santos developed 0.75 percent, Woodside Petroleum gained 1.49 percent and Beach Energy increased 2.17 percent.
