Tokyo's main index falls as Asian equities drop ahead of the Trump-Xi meeting
Asian stocks are displaying more cautious sentiment to wrap up the week, with the focus in markets today being solely on the Trump-Xi meeting that will take place tomorrow. Chinese equities are down by nearly 1% but I reckon month-end flows may have something to do with that - some light profit taking before tomorrow.
For the month of June, the Nikkei ends 3.3% higher while the Hang Seng index is currently up by 5.7% and the CSI 300 index is posting gains of 5.0%.
As for trading sentiment today, the risk mood is much more measured and flat with US and European futures near unchanged levels as we begin the session. USD/JPY sits a little lower at 107.70 now but it's not really saying much about direction to start the day.