Asian markets mixed as talks between the United States and China end with little progress

Asian markets mixed as talks between the United States and China end with little progress

Asian markets were mixed in morning trade on Friday as US-China trade talks ended with little progress.

No further talks were scheduled between the two sides, Bloomberg said, quoting someone familiar with the discussions.

The person added that it is unlikely that any further negotiations will occur even after the midterm elections in November in the United States.

In Australia, the ASX 200 index rose 0.52% as most sectors rose. Australian policy will be the main focus of the trading session on Friday as senior ministers gave up on besieged Prime Minister Malcolm Turnbull after narrowly winning the leadership vote against former Home Secretary Peter Dutton earlier in the week.

In Japan, the Nikkei 225 index gained 0.35 percent, while the Topix index gained 0.34 percent.

Japan’s core consumer prices rose in July by 0.8 percent from last year, but remained unchanged from last month’s gains, government data released ahead of the opening of the market showed. The figure fell slightly below market expectations, but still far from the Bank of Japan inflation target of 2 per cent.

South Korea’s Kospi fell 0.25 percent as some of the big caps fell. Shares in Samsung Electronics fell 1.1 percent, while Bosco fell 0.6 percent and Hyundai Motors lost 0.4 percent.

There was a slight decline in the session in Asia on Wall Street, where the ongoing US-China trade war and President Donald Trump’s investors were scared of fear of new legal issues.

Trade negotiations between US and Chinese officials ended on Thursday without major development. On the same day, a new round of US tariffs on Chinese imports of $ 16 billion began, due to which Beijing was persuaded to retaliate against its fees on American goods of the same amount.