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Asia Markets: Asian stocks move lower Monday as markets react to failed U.S.-China trade talks in Washington

BANGKOK (AP) — Shares were mostly lower in Asia on Monday after trade talks between the U.S. and China wrapped up Friday without an agreement.

Shares dropped more than 1% in Shanghai, to 2,909.60. Japan’s Nikkei 225 index NIK, -0.41% lost 0.5% to 21,237.71 and the S&P ASX 200 SKJJF, -3.15% declined 0.3% to 6,289.70. South Korea’s Kospi SEU, -1.01% fell 0.7% to 2,093.46. Hong Kong’s markets were closed for a holiday. Shares fell in Taiwan and most of Southeast Asia.

China’s envoy to the trade talks, Vice Premier Liu He said before leaving Washington that Beijing would not compromise on matters of principle and that tariffs on Chinese exports to the U.S.

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