Asia Markets: Asian markets retreat; Hold Seng sinks amid Hong Kong protests

Asian markets were mostly lower in early trading Wednesday, after the Dow Jones Industrial Average

DJIA, -0.05%

  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.

Japan’s Nikkei

NIK, -0.01%

  was mostly unchanged. Hong Kong’s Hang Seng Index

HSI, -1.59%

  slid 1.5% as protesters again swarmed the streets in opposition to a possible new extradition law with mainland China. The Shanghai Composite

SHCOMP, -0.57%

  retreated 0.6% and the smaller-cap Shenzhen Composite

399106, -0.42%

  fell 0.3% as May data showed China’s consumer inflation hit a 15-month high, in line with forecasts. South Korea’s Kospi

180721, -0.14%

  slipped 0.2%, while benchmarks in Taiwan

Y9999, -0.07%

  and Indonesia

JAKIDX, -0.52%

  backtracked. Stocks were up slightly in Singapore

STI, +0.18%

 , and Australia’s S&P/ASX 200

XJO, +0.15%

  rose 0.2%.

Among individual stocks, SoftBank Group

9984, -2.18%

  and Yahoo Japan

4689, -3.18%

  fell in Tokyo trading, while Toyota

7203, +1.00%

  rose. In Hong Kong, Sunny Optical

2382, -6.45%

  slid, along with Sands China

1928, -2.96%

  and New World Development

17, -3.93%

 . LG Electronics

066570, -0.85%

  and SK Hynix

000660, -1.34%

  dropped in South Korea, while Foxconn

2354, +0.00%

  declined in Taiwan after the Apple

AAPL, +1.16%

 supplier said it could move production operations out of China if trade tensions heat up. BHP

BHP, +2.64%

  and Rio Tinto

RIO, +2.09%

  surged in Australia.

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