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Asia Markets: Asian markets cautious after Trump cancels North Korea summit

Asian markets were mixed in wary early trading Friday, after President Donald Trump canceled his upcoming summit with North Korean chief Kim Jong Un.

Japan’s Nikkei NIK, +0.13%   used to be off 0.1%, after initially shedding 0.five%, as the greenback JPYUSD, -0.292950%   driven above ¥109.50 to consultation highs from ¥109.30. Commodity-related names were main the best way lower for Japanese shares as they were poised to notch their first down week in two months. The marine-transportation sector used to be off 1.6%, the weakest performer in the Topix. Mining used to be off 1.1% following a sizable drop in a single day in oil prices LCON8, -0.16%  . But that had the airline sector up 1%. Meanwhile, auto shares were extending Thursday’s sharp selloff, with Honda 7267, -0.54%   and Toyota 7203, -1.15%   off just about 1% more.

Hong Kong shares began modestly weaker, with the Hang Seng Index HSI, -0.30%   off 0.4%, with energy shares once more a sore spot.

After a robust rebound Thursday, Singapore’s Straits Times Index STI, -0.01%   used to be down 0.three%, on find out how to a second-straight weekly decline, which hasn’t happened since early February. Telecom shares were down, with StarHub CC3, -1.89%   off just about 1%. Weakness used to be also noticed in financial institution and property names.

Malaysian shares FBMKLCI, +0.98%   began strongly upper after two days of heavy promoting.

Stocks in South Korea SEU, -0.06%   and Taiwan Y9999, +0.19%   were up modestly, while Australian shares XJO, -0.08%   dipped lower.

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