Asia markets rally tempered by profit-taking, eyes on trade talks

HONG KONG: Asian markets were mixed on Thursday as growing expectations that China and the United States will reach a trade agreement were offset by profit-taking after an extended rally.

It said the aim was to get everything in place for presidents Donald Trump and Xi Jinping to sign off on a trade deal. David Madden, a market analyst at CMC Markets UK, pointed out that Kudlow had flagged movement on intellectual property theft and hacking, which are key bugbears of the White House. However, Tokyo ended 0.1 per cent higher and Shanghai jumped 0.9 per cent, while Singapore and Seoul each added 0.2 per cent.

The below-forecast reading comes days before the release of key government figures, which are closely watched for an idea about the state of the US economy.

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