Asia Markets: Asia-Pacific markets mixed as fears of global slowdown persist

Asian markets were mixed in early trading Wednesday as investors remained unnerved about the global economic outlook.

U.S. Treasury yields saw little change Tuesday as the bond rally paused, while new data Wednesday showed China’s industrial profits dropped sharply in the first two months of the year, raising worries of a slowdown.

The U.S. and China will resume high-level trade talks Thursday in Beijing, with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin attending the negotiations in Beijing.

Japan’s Nikkei NIK, -0.52% fell 0.6%, while Hong Kong’s Hang Seng HSI, +0.52% rose 0.5%. The Shanghai Composite SHCOMP, +0.55% gained 0.6% and South Korea’s Kospi SEU, +0.06% advanced 0.1%.

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