Tokyo Stocks Close Lower on Jitters Over US-N.Korea Talk

Tokyo stocks closed lower Wednesday with investor sentiment hurt by downbeat remarks from US President Donald Trump on planned talks with the North Korea’s leader, and trade with China.

The benchmark Nikkei 225 index fell 1.18 percent or 270.60 points to close at 22,689.74 while the broader Topix index was down 0.68 percent or 12.26 points at 1,797.31.

Source : AFP

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Hong Kong Stocks Tumble on Trump Comments

Hong Kong shares tumbled on Wednesday after Donald Trump threw a historic summit with North Korean leader Kim Jong Un in doubt and hit out at a China-US agreement that averted a trade war.

The Hang Seng Index sank 1.82 percent, or 568.71 points, to 30,665.64.

The benchmark Shanghai Composite Index fell 1.41 percent, or 45.39 points, to 3,168.96 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, gave up 1.10 percent, or 20.44 points, to 1,834.72.

Source : AFP

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Asian Stocks Fall as North Korea Worries Return on Trump Comment

Asia stocks fell for a third day as Japanese shares dropped amid a stronger yen, while investors weighed on pessimism over the planned historic meeting between the U.S. and North Korea.

The MSCI Asia Pacific Index declined 0.4 percent to 173.52 as of 4:10 p.m. in Hong Kong, with more than two stocks down for each that gained. Japan’s Topix slid the most in almost two months as electronics and automobile makers dragged down the nation’s benchmark, while the yen strengthened further. U.S. President Donald Trump cast doubt on a possible summit with North Korea next month, rekindling geopolitical tensions. Malaysia’s benchmark gauge slid 2.1 percent, led by losses in wireless carrier Axiata Group Bhd., whose shares were set to decline the most since 2009 after poor earnings.

Source : Bloomberg

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