1/16, 7:30 AM (Source: TeleTrader)
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Asia mixed after US-China trade deal signing

Stock markets in East Asia traded mixed on Thursday after United States President Donald Trump and Chinese Vice Premier Liu He finally signed the phase one trade agreement between the world's two largest economies yesterday. China promised to spend $200 billion more on US goods compared to 2017 levels and to import no less than $12.5 billion worth of agricultural goods in 2020 and $19.5 billion in 2021.

Also, earlier, US Treasury Secretary Steven Mnuchin said the US plans to cancel additional tariffs to China in the second phase of the trade agreement, which will incorporate technology and cybersecurity issues.

The Nikkei 225 was 0.07% in the positive at 7:30 am CET. Kospi Composite in Seoul traded 0.77% higher at the same time. Hong Kong's Hang Seng stood flat at 7:31 am CET, while the Shanghai Composite lost 0.42% and the Shenzhen Composite slid 0.20% at the same time. Australia's S&P/ASX 200 rose 0.67% at 7:32 am CET.

The dollar was flat against the yen at 7:32 am CET, buying ¥109.9455.

Breaking the News / TF