Asia Mostly Down on Trade Developments

Shares in Asia were mostly lower on Friday as investors digested recent developments on the U.S.-China trade front.

In Japan, the Nikkei 225 gained 61.55 points, or 0.3%, to 23,391, as shares of index heavyweight and conglomerate Softbank Group jumped 2.8%.

In Hong Kong, the Hang Seng Index removed 196.09 points, or 0.7%, to 27,651.14, with shares of Chinese tech behemoth Tencent falling 2%.

Korean markets fell, with shares of chipmaker SK Hynix falling 1.6%.

CHINA

In Shanghai, the CSI 300 dropped 18.87 points, or 0.5%, to 3,973.01

China’s exports and imports declined less than expected in October, according to data from the country’s customs.

In dollar terms, exports fell 0.9% while imports fell 6.4% from a year ago in October, though those declines were less than analysts’ forecasts. Economists had expected October exports to fall 3.9% and imports to fall 8.9% from a year earlier.

In other markets

In Taiwan, the Taiex lost 27.02 points, or 0.2%, to 11,579.54

In Korea, the Kospi fell back 7.06 points, or 0.3%, to 2,137.23

In Singapore, the Straits Times Index descended 21.42 points, or 0.7%, to 3,264.30

In Australia, the ASX 200 gave back 2.53 points to 6,724.10

In New Zealand, the NZX added 81.92 points, or 0.8%, to 10,876.98