Shares in Asia went down on Wednesday after an evening stop on Wall Street, as investors were worried about a possible economic downturn and the state of the trade war between the US and China.
The Chinese mainland markets, closely monitored by Beijing's ongoing conflict with Washington, went down at the end of their trading day. The Shanghai composer went down by 0.61 percent to close around 2,649.81 and the Shenzhen Composite fell 0.484 percent in the end at around 1380.78.
Caixin Services Purchasing Managers Index Measuring Economic Activity in China's Service Sector , rose to 53.8 in November ̵[ads1]1; the highest in five months – compared to 50.8 in October.
Earlier this day, China's Trade Department said in a statement on the website that the weekend gathering between Trump and Chinese President Xi Jinping was successful . The ministry also said that the two countries would push forward negotiations within 90 days and Beijing will work to resolve issues agreed as quickly as possible.
At the same time, the Hang Seng index in Hong Kong also fell by around 1, 6 prose nt from its last trading time. Shares of the car maker Baic Motor dropped 10.30 percent after a Bloomberg report that Germany's Daimler is considering increasing its stake in joint venture with the Chinese company.