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Asia Markets: Asian markets mixed after surprising U.S. GDP report

Asian markets were mixed in early trading Monday, following a better-than-expected U.S. GDP report on Friday and ahead of a new round of U.S.-China trade talks.

On Friday, data showed the U.S. economy grew 3.2% in the first quarter, higher than analysts’ expectations. That was thanks in part to the stockpiling of goods, although it was not immediately clear how, since data showed both domestic production and imports fell in the first three months of the year.

U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will lead a U.S. delegation to China on Tuesday to resume trade negotiations. Those will be followed by talks in Washington starting May 8.

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