Asia Markets: Asian markets slip as G-20 meeting kicks off in Japan

Asian stocks sank Friday as investors waited for a meeting between Presidents Donald Trump and Xi Jinping that they hope will produce a truce in spiraling U.S.-China trade tensions.

Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all fell. Crude prices declined.

Investors are hoping for a repeat of President Donald Trump and Xi’s December agreement to postpone new tariff hikes and other action while they negotiated over trade and technology. But analysts caution any new truce at the G-20 meeting of major economies in Japan is likely to be temporary because negotiators face the same disagreements that caused talks to break down in May.

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