Shares in Asia were set to decline at Thursday's market open following a slip overnight on Wall Street which saw stocks seeing their third consecutive day of losses.
Shares in Asia were set to decline at Thursday's market open following a slip overnight on Wall Street which saw stocks seeing their third consecutive day of losses as investors sought developments on the state of U.S.-China trade negotiations.
Meanwhile, Australia's ASX 200 gained 0.26 percent in early trade as almost all the sectors advanced. The heavily-weighted financial subindex added 0.34 percent as shares of the country's so-called Big Four banks rose. Australia and New Zealand Banking Group gained 0.11 percent, Commonwealth Bank of Australia advanced 0.24 percent, Westpac added 0.48 percent and National Australia Bank climbed up by 0.79 percent.Overnight on Wall Street, the Dow Jones Industrial Average declined 133.
Earlier this week, sources told CNBC the U.S. and China were in the"final stages" of trade talks, with the two sides planning a Mar-a-Lago summit for the end of the month. U.S. Secretary of State Mike Pompeo also said Monday he thought Washington and Beijing were"on the cusp" of reaching a deal.
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