Asia Mixed, Ahead of Trump-Ji Summit

Stocks in Asia Pacific were mixed on Monday, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an American surveillance drone.

In Japan, the Nikkei 225 regained 27.35 points, or 0.1%, to 21,285.99.

The Japanese yen traded at 107.41 against the U.S. dollar after touching levels above 108.5 in the previous trading week.

In Hong Kong, the Hang Seng index recovered 39.29 points, or 0.1%, to 28,513,

Australian markets were marginally higher, as Central Bank Governor Philip Lowe said on Monday it would be legitimate to question the effectiveness of global monetary policy easing to boost economic growth even as the country itself is on a path to further lower domestic interest rates.

In the minutes of its June monetary policy meeting, the Reserve Bank of Australia had said it was "more likely than not" that further easing would be "appropriate," following a decision to lower the cash rate by 25 basis points to 1.25%.

The Australian dollar changed hands at $0.6950 U.S. after rising from levels below $0.684 last week.


In Shanghai, the CSI 300 added 7.33 points, or 0.2%, to 3,841.27

Meanwhile, a highly-anticipated meeting between Chinese President Xi Jinping and U.S. President Donald Trump is set to happen later this week at the G-20 summit in Japan as the two economic powerhouses seek to find a resolution to their protracted trade fight.

In other markets

In Korea, the Kospi index inched up 0.71 points to 2,126.33

In Singapore, the Straits Times Index slid 9.87 points, or 0.3%, to 3,311.53

In Taiwan, the Taiex Index retreated 24.32 points, or 0.2%, to 10,779.45

In New Zealand, the NZX 50 gained 61.03 points, or 0.6%, to 10,388.31

In Australia, the ASX 200 recouped 14.66 points, or 0.2%, to 6,665.44