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Asian stocks tumble ahead of Trump Abe talks

2019-04-26 07:38 am | Resource: News | No Views : 121

Asian stocks tumble ahead of Trump Abe talks

Most Asian stocks were in the red zone on Friday, ahead of Japanese Prime Minister Abe's meeting with US President Donald Trump in Washington, DC, to discuss bilateral issues, including trade.

Yesterday, Tokyo's Minister of Finance Taro Aso, accompanied by Minister of Economic and Financial Policy Toshimitsu Motegi, met with Treasury Secretary Stephen Menuchin. Aso said Tokyo wanted to discuss exchange rates as a separate issue, while the US delegation did not agree, in an effort to end the unilateral devaluation.

Japan's retail sales rose slightly in March

Japan's retail sales rose 0.2% in March from February, the country's Ministry of Economy, Trade and Industry said in a new release. On an annual basis, retail sales grew by 1.0%.

Compared to February, machinery and equipment rose by 5.5%, followed by cars whose sales rose by 2.3%. Food, drink and fuel rose 1.6%, while textiles, clothing and accessories rose 0.8%. Fuel was also up 0.6%. Retail and non-commercial goods fell in February, losing 1.7% and 0.7%, respectively.

Trump, Abe talks about North Korea's plan at the White House meeting

US President Donald Trump and Japanese Prime Minister Abe will discuss next steps to achieve North Korean nuclear disarmament at this week's White House meeting, a senior US government official told the news agency. "It is an important opportunity for leaders to exchange views on recent developments with North Korea ... and to coordinate future actions. "

Earlier, following a meeting with North Korean leader Kim Jong-un, Russian President Vladimir Putin said Pyongyang should continue negotiations with Washington.

Asian stocks close
  • The Nikkei 225 index was down 0.18% at 7:43 am CET
  • While the Kospi Composite Index in South Korea dropped 0.44% at the same time.
  • The Shanghai Composite Index fell 0.86%.
  • The Shenzhen Composite Index also fell 0.81%, at 8:03 CET.
  • Hong Kong's Hand Sang Index added 0.09% at 8:05 am CET.
  • The Australian S & P / ASX200 index was steady simultaneously.

The Yen settled against the Dollar, buying 111.6730 yen at 8:07 CET.


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