ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Nikkei Markets

Asian stocks flat as investors await trade deal news

Hong Kong Exchanges & Clearing CEO sells about 650,000 shares

HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan ended little changed on Friday, as investors paused even though optimism over a preliminary Sino-American trade deal lingered.

The Nikkei Asia300 Index added 0.1% to close at 1,382.47.

Regional heavyweights diverged. Social media and gaming heavyweight Tencent Holdings slipped 0.1% in Hong Kong and pan-Asia insurer AIA Group lost 0.3%, while China Mobile added 2.4%.

Taiwan Semiconductor Manufacturing Industry fell 1.8%, extending a 2.8% slump on Thursday. Samsung Electronics ended unchanged in Seoul.

U.S. equities ended at fresh record highs on Thursday after Treasury Secretary Steven Mnuchin said on CNBC that the first phase of the U.S.-China trade deal is likely to be signed early in January. The rally came despite a vote by the House of Representatives to impeach President Donald Trump on charges of abuse of power and obstructing Congress. The proceedings are now expected to go to trial in the Senate. Trump on Twitter said he wanted "an immediate trial" in the Senate, where his Republican party has a majority.

The Trump impeachment "had zero impact on financial markets," said Jeffrey Halley, a senior market analyst for Asia Pacific at OANDA, adding that markets were focusing on Mnuchin's statement on a trade deal being signed in January.

Meanwhile, China on Friday left its one-year Loan Prime Rate unchanged at 4.15%, as widely expected. However, some market participants have been expecting authorities in Asia's largest economy to ease policy to support growth.

"China has disappointed markets in Asia," Halley said. The country is "probably more concerned about year-end liquidity and avoiding currency depreciation at the moment."

Bourse operator Hong Kong Exchanges & Clearing ended unchanged. Chief Executive Charles Li sold 650,000 of the company's shares on Wednesday at an average price of HK$256.53 each, according to an exchange filing on Thursday.

-- Suzannah Benjamin

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media
欧美激情-最全的欧美大片app