Asian stock markets trade lower; Yuan gains

Australian stocks advanced, while South Korean stocks dipped with futures on the Hang Seng indicating a softer opening.

Jan 14, 2019 03:01 IST India Infoline News Service

Asian stock market
Asian stock markets opened lower on Monday as investors awaited a series of earnings, and the January rally in risky assets showed signs of abating. The yuan edged lower after recent gains.

Australian stocks advanced, while South Korean stocks dipped with futures on the Hang Seng indicating a softer opening. The Japanese market remains closed today.

China's trade surplus with the US rose to $323.32bn in 2018, the widest ever as the two nations are in talks to resolve trade disputes.

Meanwhile, oil headed toward $52 a barrel, and the yen strengthened. West Texas Intermediate crude futures slipped 0.7% to $52.23 per barrel.

The pound gained ahead of Tuesday’s crucial vote on Brexit, with Prime Minister Theresa May appearing no closer to getting the backing she needs.

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