Asian stocks were mixed today as traders watched for developments on a round of trade talks with the United States this week in Beijing.
Markets in China and Taiwan, reopening after a week long Lunar New Year break, edged higher on hopes that American and Chinese officials will make progress on a wide-ranging dispute that has weighed on the global economy.
The Shanghai Composite index picked up 0.4 percent to 2,628.50. The Kospi in South Korea declined 0.1 percent to 2,175.04 while Hong Kong’s Hang Seng added 0.2 percent to 27,991.49. Australia’s S&P ASX 200 was down 0.5 percent at 6,040.00. Stocks gained in Taiwan but fell in Singapore and Indonesia.
Japanese markets were closed for a holiday.