“Investors look forward of Trump and Xi Jinping meeting”
Asian stocks start trading on a mixed performance in conjunction with the events of Chinese parliamentary meetings.
The US DepAsian stocks opened lower for the week, with Japanese, Australian and New Zealand stocks falling, as well as South Korea’s Kospi Composite Index and the Hang Asian stocks opened lower for the week, with Japanese, Australian and New Zealand stocks falling, as well as South Korea’s Kospi Composite Index and the Hang Seng Index. The annual meetings of the National House of Representatives in China.
Chinese Premier Li Keqiang said that his country should be prepared for a “difficult struggle” as it faces “a more complex and dangerous environment”, noting that the growth target for 2019 for the world’s second largest economy is between 6.0% and 6.5% The Chinese economy expanded by 6.6 percent in 2018, reflecting the slowest pace of economic growth since 1990.
Chinese Premier Li Keqiang also said that trade tensions between Beijing and Washington have had a negative impact on business activity in his country, and investors look forward to the upcoming meeting of US President Donald Trump and his Chinese counterpart Xi Jinping on March 27. Washington, hoping to reach a trade deal that would save the world’s biggest economy from a trade war.
In addition, investors are now eyeing the release of the Reserve Bank of Australia‘s monetary policy statement and the Reserve Bank of Australia‘s interest rate decision amid expectations that it will stay at 1.50% for the 28th meeting in a row. “Housing and Economy Market” at the Australian Financial Business Summit in Sydney.
Japan’s top Nikkei 225 index fell 0.60%, shedding 131.98 points to 21,690.06. The Nikkei average fell 0.80% to close at 1,614.58.
As for the Chinese stock indices, the CSI 300 index rose by 0.42% to gain 16.09 points to reach the level of 3,810.19, the Shanghai index rose by 0.44% to win the other is 13.42 points and up to the level of 3,040.99.
Hong Kong’s Hang Seng Index gained 0.01% to 2.10 points to 28,961.69, while South Korea’s Kospi fell 0.61% to 13.32 points to 2,177.34.
To the NZX 50 index of New Zealand shares, which fell by 0.30% to lose 28.18 points to reach the level of 9,385.31, on the other hand, the index of S & P / ASX 200 Australian shares fell by 0.39% to lose the other 24.21 points to reach the level of 6,193.20.