[HONG KONG] Asian markets were mixed on Monday as investors struggled to track another record lead from Wall Street that was fuelled by more strong earnings and a jump in US economic growth, while China-US trade talks come back into focus.
The earnings were the latest in a long line of strong performances from some of the world's biggest firms that have surprised many observers who had been preparing for a tepid announcements season.Adding to the upward momentum was data showing the world's biggest economy expanded 3.2 per cent in January-March, well up from forecasts and sharply higher than the 2.2 per cent seen at the end of 2018."Friday's better-than-expected US first-quarter GDP reading...
However, Shanghai slipped 0.7 per cent, with trade weighed by concerns that Chinese authorities will wind back on recent market-boosting monetary easing measures. Sydney slipped 0.6 per cent, while Taipei, Manila and Jakarta also fell.Eyes now turn to Beijing where top US negotiators will return for another round of trade talks with their Chinese counterparts, with the White House saying issues to be covered include intellectual property, forced technology transfer, agriculture and enforcement.
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