Shares in Asian markets were trading on a mixed note as investors are waiting for a fresh development on the US-China trade talks amid global economic growth worries.
Chinese and Korean shares posted modest gains while those in Japan and Hong Kong were little changed. Investors’ concerns regarding global economic growth elevated by the partial federal government shutdown, which a top White House adviser said could see growth come to a halt this quarter. .
As per media reports, according to Kevin Hassett, White House Council of Economic Advisers Chairman, if the partial US government shutdown extends through March, there is a chance of zero economic expansion this quarter, though humongous growth.
On the currency front, the yuan held overnight gains ahead of key trade talks next week. Further, the pound punched through $1.30 amid signs the UK Parliament is moving closer to a plan for delaying Brexit.
-With inputs from Bloomberg