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STOCK MARKETS

Asia stocks dip as chip rally cools; China steady

Asian markets mostly fell as chip stocks cooled; Chinese markets were steady ahead of more Trump-Xi talks. South Korea led losses.

Evelyn Lee
ByEvelyn Lee- Senior Editor
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0
Asia stocks dip as chip rally cools; China steady
Photo: Prepared by Bond.az

Most Asian stocks fell on Friday as chipmaking stocks faced pressure amid doubts over U.S. sales to China. Focus remained on the ongoing Trump-Xi summit in Beijing.

Chinese markets steadied near multi-year highs. South Korean stocks were the worst performers, falling after a U.S. trade official said chip export controls were not discussed in detail.

Japan's Nikkei slid 1.6% on hot inflation data, while Hong Kong's Hang Seng fell 1%. Australia's ASX 200 was flat, and India's Nifty 50 added 0.4%.

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Asia stocks dip as chip rally cools; China steady | Bond.az