HONG KONG (AP) — Shares edged lower Monday in quiet trading in Asia ahead of a meeting this week between U.S. President Joe Biden and Chinese leader Xi Jinping.
Tokyo advanced but other markets were little changed, edging lower. Oil prices fell.
Biden and Xi are due to meet on the sidelines of the Asia Pacific Economic Cooperation summit this week amid hopes for improved ties between the two biggest economies.
On Friday, Wall Street rose sharply to add to an already strong November, which is on track to be one of the market’s best months of the year. Expectations for an interest rate hike by the U.S. Federal Reserve in December, despite a report showing consumer inflation expectations on the rise.
Tokyo’s Nikkei 225 added 0.5% to 32,742.00 and the Hang Seng in Hong Kong edged 0.1% higher to 17,227.10.
The Shanghai Composite index slipped 0.1% to 3,035.95 and the Kospi in Seoul also fell 0.1%, to 2,408.37.
Australia’s S&P/ASX 200 declined 0.1% to 6,972.20.
On Wall Street on Friday, the…
2023-11-12 22:18:56
Article from finance.yahoo.com
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