Asian stock markets trade flat on doubts over trade deal

Japanese Nikkei trading lower by 32 points as the Hong Kong chaos escalated with loss of life and total trade shutdown seeing a collateral loss for trade partners.

Nov 19, 2019 02:11 IST India Infoline News Service

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Asian stock markets opened lower on Tuesday, however, currently, it is trading on a flat note as investors continued to await signs of progress in US-China trade negotiations. Japanese Nikkei is trading lower by 32 points as the Hong Kong chaos escalated with loss of life and total trade shutdown seeing a collateral loss for trade partners.

According to the media reports, Trump and Federal Reserve Chair Jerome Powell met at the White House on Monday, “to discuss the economy, growth, employment and inflation”, two days before the Fed is set to release the minutes of the year’s last policy meeting.

US indices ended higher on Monday with the Dow Jones & Nasdaq closing at record highs. The Dow Jones Industrial Average rose 31.33 points to 28,036, the S&P 500 closed slightly higher at 3,122 and the Nasdaq Composite added 9.11 points to 8,550.

Further, oil prices see a strong correction from 2-month highs while bond yields also manage small gains. US Dollar sees weakness as Federal Reserve could cut rates again in December and gold inched up to its highest in more than 1-1/2 weeks on Tuesday.

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