Asian markets slip despite Wall Street’s gains after Biden-Xi talks

 Asian markets slip despite Wall Street’s gains after Biden-Xi talks

TOKYO — Asian shares slipped Wednesday despite a rally on Wall Street. In Japan, the benchmark reversed earlier gains that had come on the yen trading lower recently, boosting the profits of exporters.

Japan’s benchmark Nikkei 225
NIK,
-0.27%

fell 0.4%. South Korea’s Kospi
180721,
-1.12%

fell 1%. Australia’s S&P/ASX 200
XJO,
-0.68%

lost 0.9%. Hong Kong’s Hang Seng
HSI,
-0.35%

fell 0.5%, while the Shanghai Composite
SHCOMP,
+0.39%

gained 0.2%. Stocks declined in Singapore
STI,
-0.26%
,
but gained in Taiwan
Y9999,
+0.21%

and Indonesia
JAKIDX,
+0.14%
.

Virtual talks between U.S. President Joe Biden and Chinese President Xi Jinping late Monday U.S. time appeared to signal a step in the right direction…

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