Bangkok (AP) – Asia stock markets were mixed on Monday after US stocks grew to more records as they closed another winning week.
The US futures and oil prices were higher over trade conversations in Stockholm between US and Chinese officials.
European future has risen after the European Union has made a deal with the Trump Administration, calling for 15% rates for most exports to the United States
The agreement, announced after President Donald Trump and European Commission chief Ursula von der Leyen met at a short time at Trump’s golf course in Scotland, which transfer far higher import duties from both sides that may have sent shock waves through economies around the world.
The Nikkei 225 Index in Tokyo lost 1% to 41 056,81 after doubts have emerged about what will precisely lead to a trade truce between Japan and US President Donald Trump, especially the US investment promise in Japan.
The terms of the transaction are still negotiated and nothing is formalized in writing, said an employee who insists on anonymity to detail the conditions of the conversations. The employee suggested that the goal was for a $ 550 billion fund to invest in Trump.
The Hang Seng Index in Hong Kong won 0.4% to 25 490.45, while Shanghai’s composite index lost 0.2% to 3.587.25. The Taiwanese Tayex increased by 0.3%.
CK Hutchison, a conglomerate in Hong Kong that sells ports in the Panama Channel, said it could seek a Chinese investor to join a consortium of buyers in progress that could delight Beijing, but could also lead to more US control to a geopolitically executed deal. CK Hutchison’s shares fell 0.6% on Monday in Hong Kong.
Elsewhere in Asia, South Korea’s Kospi was slightly changed to 3,195.49, while the S&P/ASX 200 in Australia increased by 0.3% to 8 688,40. Indian Sensex dropped by 0.1%.
The markets in Thailand were closed for rest.
On Friday, the S&P 500 increased by 0.4% to 6,388,64, setting all time for the fifth time in a week. The industrial average of Dow Jones raised by 0.5% to 44 901,92, while the NASDAQ composite added 0.2%, closing to 21,108.32 to head its own record.
Deckers, the company behind UGG Boots and Hoka Shoes, jumped by 11.3%after reporting a stronger profit and revenue for spring than analysts expected. Its growth was particularly strong outside the United States, where revenue increased nearly 50%.
But Intel fell by 8.5%after reporting a loss for the last quarter when analysts were looking for a profit. The struggling chipmaker also said he would reduce thousands of jobs and remove other costs as he tries to turn his wealth. Intel, which helped to launch the Silicon Valley as an American Technology Center, is lagging behind rivals such as NVIDIA and Advanced Micro devices, while searching for artificial intelligence chips rises.