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Asia Markets: Asian markets muted on lower expectations for U.S.-China trade talks

Asian markets were muted in early trading Friday, as investors appeared to be readjusting their expectations about trade negotiations between the U.S. and China.

As high-level meetings between the world’s two largest economies were being conducted in Washington, President Donald Trump kept expectations low, saying China had become “spoiled” and that he doubted negotiations would be successful.

Japan’s Nikkei index NIK, +0.26% was up slightly, putting it on pace for an eighth straight week of gains. Rising yields on U.S. Treasurys boosted Japanese insurance companies, with T&D Holdings Inc. 8795, +1.71% and Dai-ichi Life Holdings Inc.

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