Asia Markets: Asian markets cool off as investors await Trump-Xi meeting

Asia-Pacific stock markets cooled in early trading Tuesday as the previous day’s global gains appear to have stalled ahead of a meeting between President Donald Trump and China’s President Xi Jinping.

Japan’s Nikkei NIK, +0.46% was last up about 0.1%, sliding back from early session highs. Panasonic 6752, +2.47% was up 2.2% and Renesas Electronics 6723, +2.03% climbed 2% amid hopes for a strong U.S. holiday-shopping season. But so-called domestic-demand stocks that had recently attracted buying amid global-growth concerns were down. Pharmaceuticals and utilities were the two worst-performing sectors, respectively dropping 0.8% and 0.5%. That as the dollar USDJPY, -0.05% was around ¥113.46, versus ¥113.21 as of Monday’s Tokyo stock market close.

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