Trading in Asian shares was mixed on Monday, as investors waited for any new developments in the trade war between the United States and China. 

In afternoon trading, Japan’s Topix was the only major benchmark to register gains, up 0.4 per cent. China’s CSI 300, an index of major shares listed in Shanghai and Shenzhen, was trading flat, while Hong Kong’s Hang Seng slipped 0.9 per cent. 

Elsewhere, trading in the euro versus the dollar was little changed immediately following the results of European parliamentary elections, which indicated that pro-EU parties largely held their ground.

US President Donald Trump is due to hold a press conference in Tokyo with Japanese Prime Minister Shinzo Abe later on Monday. The president wrote on Twitter on Sunday that the two countries were making “great progress” with trade negotiations. But investors will also keep an ear out for any comments from Mr Trump regarding potential new developments in the trade war with China. 

Oil’s brent crude marker was little changed at $68.71 per barrel, paring gains of about 0.7 per cent earlier in the session. 

Markets in the United Kingdom and the United States are both closed on Monday for public holidays. 


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Markets Briefing is a concise look at global markets, updated throughout the trading day by Financial Times journalists in Hong Kong, New York and London. Feedback? Write in the comments below or send us an email.


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