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9/23, 4:54 AM (Source: TeleTrader)
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Asian stocks sink after US-China talks cut short

Shares in Asia were in the red on Monday, after the deputy-level trade negotiations between the United States and China were cut short on Friday, with the previously planned visit to US farms canceled. However, the US Trade Representative called the meetings "productive" and Beijing's Vice-agriculture minister Han Jun said the cancellation was not indicative of future high-level talks, claiming the visit was never confirmed.

Meanwhile, the People's Bank of China announced it will inject 100 billion yuan into the economy via 7 and 14 day reverse repos.

The Nikkei 225 was closed for the Autumnal Equinox Day. South Korea's Kospi lost 0.18% at 4:30 am CET.

The Shanghai Composite fell 1.15% at 4:50 am CET as the Shenzhen Composite dropped 1:24% one minute later. Hong Kong's Hang Seng was 0.73% lower at 4:52 am CET.

Australia's S&P/ASX 200 was up by 0.40% at 4:53 am CET.

The dollar rose 0.12% against the yen to sell for ¥107.6890 at 4:54 am CET.

Breaking the News / NI