Asian Stocks Mixed as Traders Await G-20 Summit; U.S.-Iran Tension in Focus – Investing.com

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© Reuters.
© Reuters.

Investing.com – Asian stocks were mixed in morning trade on Monday as traders remained cautious ahead of the G-20 summit later this week, where U.S. President Donald Trump and his Chinese counterpart Xi Jinping are expected to discuss trade-related issues.

China’s gained 0.2% by 10:30 PM ET (02:30 GMT), while the dropped 0.2%. Hong Kong’s climbed 0.4%.

Trump and Xi are expected to meet on the sidelines of the G-20 summit in an effort to restart trade talks that broke down last month. The two-day summit gets underway on Friday.

However, just a few days ahead of the summit, the U.S. put five more Chinese tech entities on a trade blacklist, raising uncertainty of whether a trade deal could be struck.

In China, the country’s state-run People’s Daily said in an editorial Saturday that Beijing will “fight to the end” if Trump and his administration persists with continuing the trade war. The U.S. must drop all tariffs imposed on China if it wants to negotiate on trade, the newspaper said.

Japan’s and South Korea’s traded 0.3% higher. Down under, Australia’s slipped 0.1%.

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