Asian markets were mostly lower in early trading Wednesday, after the Dow Jones Industrial Average
snapped a six-session winning streak.
The major indexes on Wall Street gave up early gains and ended the day slightly lower. On the trade front, President Donald Trump took credit for holding up U.S.-China trade talks, saying he has “no interest” in a deal unless China agrees to terms it had previously agreed upon. “We’re going to either do a great deal with China or we’re not going to do a deal,” Trump told reporters Tuesday.
was mostly unchanged. Hong Kong’s Hang Seng Index
slid 1.5% as protesters again swarmed the streets in opposition to a possible new extradition law with mainland China. The Shanghai Composite
retreated 0.6% and the smaller-cap Shenzhen Composite
fell 0.3% as May data showed China’s consumer inflation hit a 15-month high, in line with forecasts. South Korea’s Kospi
slipped 0.2%, while benchmarks in Taiwan
backtracked. Stocks were up slightly in Singapore
, and Australia’s S&P/ASX 200
Among individual stocks, SoftBank Group
and Yahoo Japan
fell in Tokyo trading, while Toyota
rose. In Hong Kong, Sunny Optical
slid, along with Sands China
and New World Development
. LG Electronics
and SK Hynix
dropped in South Korea, while Foxconn
declined in Taiwan after the Apple
supplier said it could move production operations out of China if trade tensions heat up. BHP
and Rio Tinto
surged in Australia.