Asia-Pacific stocks lower ahead of G20 summit

Tuesday, 25. June 2019 07:36

Major stock markets in East Asia and the Pacific region were trading in the red on Tuesday ahead of the G20 leaders' summit in Osaka. Bank of Japan decided to keep its monetary policy unchanged, as the medium and long-term inflation was expected to converge towards 2%. Hiroto Saikawa, Nissan Motor Co. Ltd.'s chief executive, said the Japanese automaker will postpone the negotiations on the deepening of its alliance with Renault SA and review its current capital structure.

In Mainland China, the Shanghai Composite was 1.56% below the flatline at 7:33 am CET, while the Shenzhen Composite dropped 1.60% at the same time. Hong Kong's Hang Seng lost 1.26% at 7:33 am CET.

Japanese Nikkei 225 slipped 0.66% at 7:33 am CET. The dollar declined 0.33% against the yen, to go for ¥106.9385 at 4:33 am CET.

South Korean Kospi Composite traded 0.36% lower at 7:14 am CET. Australia's S&P/ASX 200 was flat 7:33 am CET.

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Breaking the News / MD