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As of 11:44 20 Jun 2018

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Asian stocks up after historic Trump-Kim meeting

The US President and North Korean leader stand in front of flags in Singapore
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Asian stocks were broadly higher after US President Donald Trump and North Korea's Kim Jong-Un met in Singapore for a historic summit.

In response to a question about whether they had reached an agreement on de-nuclearisation, Mr Trump said they will be "starting this process very quickly".

Japan's benchmark Nikkei 225 closed up 0.33% at 22,878.3 points. In China, Hong Kong's Hang Seng index was up 0.4% at 31,186.8.

In Australia, the benchmark S&P/ASX 200 index rose 0.15% to 6,054.4, while the South Korea's benchmark Kospi index was down 0.05% at 2,468.8.

Krystal Tan, Asia economist at Capital Economics, said the gains were limited due to a lack of detail. Indeed, Trump and Kim singed a "comprehensive" document - the contents of which are still unkown.

“Generally (the impact) is very small – probably because there is nothing really concrete coming out,” Tan said.

“At best, it’s a bit of a boost to sentiment,” she said, adding that the US Federal Reserve meeting would be a dominant factor for markets this week.

Markets unfazed by G7

So far, it looks like the angry words being exchanged following the G7 have failed to rattle the markets.

In Asia, Japan's Nikkei 225 share index is up 0.6% while the Hang Seng index in Hong Kong is 0.3% higher.

On the defensive, Asian stocks brace for a big week

Man walks past indicator showing share prices in Japan
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Asian stocks were broadly lower with investors reluctant to take on risk before a big week.

First up a G7 meeting over the weekend in Canada - and the growing risks that the United States will butt heads with its major trading partners. Those concerns overshadowed stock markets in China.

Hong Kong's Hang Seng index dropped 1.8% to 30,958.21 while the Shanghai Composite was 1.4 percent lower at 3,067.15.

Japan's benchmark Nikkei 225 was 0.56% lower at 22,694.5 and South Korea's benchmark Kospi index was 0.77% lower at 2,451.58.

Investors would also keep an eye on the U.S. Federal Reserve meeting next week. The geo-political backdrop will also be on their radar, with the historic summit between the United States and North Korea due to take place in Singapore.

In Australia, the benchmark S&P/ASX 200 index was 0.2% lower at 6,045.20.

Asia's markets mixed on Friday amid US tariff furore

Board showing stocks down in Australia
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Markets in Asia were mixed on Friday following the US' announcement on its massive import taxes on steel and aluminium from the EU, Canada and Mexico.

Japan's benchmark Nikkei 225 ended the day down 0.14% to 22,171.35 points and Australia's S&P/ASX 200 lost 0.36% to end at 5,990.4.

Hong Kong's Hang Seng was flat in late afternoon trade, while the Shanghai Composite was was down 0.66%.

South Korea's Kospi index meanwhile ended the day up 0.66% to 2,438.96 points.

Asian markets muted after Trump cancels summit

South Korean anti-Trump protest
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South Koreans react to President Trump's cancellation of the summit with North Korea

Most Asian stocks traded slightly lower after US President Donald Trump cancelled a planned summit next month with North Korean leader Kim Jong-un.

South Korea's Kospi closed down 0.2% at 2,460.80.

Hong Kong's Hang Seng has so far shed 0.4% and the Shanghai Composite has fallen 0.5%, with just over an hour before the end of the trading week.

Japan's Nikkei 225 was the only stock market to clock a rise, albeit a small increase of just 0.06%.

Investors remained cautious despite a conciliatory tone from North Korea. A deputy foreign minister has said that Pyongyang still holds out hope of a "Trump formula" to resolve the stand-off over its nuclear weapons.

Hong Hong falls

Asian markets fell on Tuesday as investors turned cautious ahead of fresh US-China trade talks and developments on North Korea after rises yesterday helped by President Donald Trump's willingness to help Chinese telecoms firm ZTE.

Tokyo's Nikkei 225 closed 0.2% lower at 22,818 points, Seoul's Kospi fell 0.7% to 2,458 points and Hong Kong's Hang Seng shed 1.2% at 31,152.

The Shanghai Composite bucked the trend, closing 0.6% higher.

Asia's markets down following losses on Wall Street

Japan's benchmark Nikkei 225
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Japan's benchmark Nikkei 225 ended Friday's session flat, down 0.13% to 22,162.24 points, following losses on Wall Street.

In China, Hong Kong's Hang Seng index was down 0.6% in afternoon trade, while the Shanghai Composite was down 1.3%.

In Australia, the benchmark S&P/ASX 200 index finished down 0.21% to 5,868.8 points.

The head of Australia's largest wealth management firm, AMP, resigned on Friday after the company admitted lying to regulators for more than a decade.

AMP's Sydney-listed shares had lost 0.5% at the end of the session.

China markets slide

China stock board
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Stock markets in Hong Kong and Shanghai have fallen in mid-afternoon trading as concerns remain about the Hong Kong dollar.

Hong Kong's Monetary Authority spent HK$9.96b ($1.27b; £891m) to prop up the currency last week after it dropped to its lowest level in 35 years.

Banks are among the biggest losers this morning including China Construction which is down about 2.5%, while Industrial & Commercial has so far lost 3.5%.

Hong Kong's Hang Seng index is currently down 1.7%, losing 526 points at 30,281.72.

On the Chinese mainland, the Shanghai composite index has slipped 1.5%, shedding 48.4 points to 3,110.65.

Most other Asian markets have closed slightly higher.

Japan's Nikkei 225 rose nearly 0.3% or 56.59 points to end the day 21,835.53.

South Korea's Kospi closed flat, while Australia's ASX200 was up 0.2% or 12.2 points higher at 5,841.30.

Asian markets end mostly higher

In Japan, the benchmark Nikkei 225 finished the session up 0.55% to 21,778 points.

Stocks in Australia rose strongly on Friday morning but lost ground later on news that China had recorded a surprising trade deficit in March compared to a year earlier.

Sydney's benchmark S&P/ASX 200 index ended the day up 0.23% to 5,829.

In China, Hong Kong's Hang Seng index was up 0.1% in afternoon trade, while the Shanghai Composite was down 0.67%.