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Asia Markets: Asian markets mixed on lowered expectations for Fed rate cut, U.S.-China trade deal

Asian shares were mostly lower Wednesday as investors awaited developments on the trade friction between the U.S. and China at the Group of 20 meeting of major economies in Japan later in the week.

Japan’s Nikkei NIK, -0.65% fell 0.6% while Hong Kong’s Hang Seng Index HSI, +0.05% was about flat. The Shanghai Composite SHCOMP, -0.23% dipped 0.2%, while the smaller-cap Shenzhen Composite 399106, +0.04% gave up early gains. South Korea’s Kospi 180721, -0.02% was flat and Taiwan’s Taiex Y9999, -0.47% retreated 0.5%. The benchmark indexes in Singapore STI, -0.19% was down 0.3% and Indonesia JAKIDX, +0.07% was flat, as was Australia’s S&P/ASX 200 XJO, -0.09% .

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