Asian stock open mixed as the week wraps up

Asian stocks opened with mixed performance as the Japanese and Chinese stocks as well as Hong Kong's Hang Seng index rose, while the Australian, New Zealand's stocks in addition to the South Korean Kospi fell today, as the markets anticipate new developments in the US-China trade negotiations.

The Chinese Foreign Ministry Spokesperson, Geng Shuang, stated that his country wishes that the US will meet halfway with China on the trade dispute, as Beijing said the recent US tariffs violate the latest meeting between Chinese President Xi Jinping and Donald Trump, while Trump said yesterday that any agreement should on the US terms.

Following US Treasury announced delay of the 10% tariffs increase decision on Chinese imports last Tuesday until December 15 instead of September 1st, as Trump stated that communications with the Chinese side have been constructive and the decision is due to the holiday season because the tariffs have an impact on shopping.

Japanese stocks rose today, as Topex gained 0.17% or 2.48 points to reach 1,486.33, and Nikkei 225 rose by 0.09% or 18.68 points to 20,424.33.

Chinese stock also rose, with the CSI 300 rising by 0.90% or 33.20 points to 3,727.20, and Shanghai Composite rose by 0.72% or 20.33 points to 2,836.13.

Hong Kong's Hang Seng rose 0.49% or 123.97 points to 25,619.43, while South Korea's Kospi shed 0.85% or 16.51 points and reached 1,921.86.

To New Zealand's NZX 50, which fell by 0.50% or 53.23 points to 10,650.88, and Australia's S&P/ASX 200 index fell by 0.14% or 8.99 points to 6,399.10.