Asian Indices, Nikkei Closes Lower as G20 Summit Starts

Asian indices finished lower today as the much anticipated G20 started in Osaka, Japan. The Hang Seng ended 0.35 percent lower at 28,523, the Shangai composite slipped 0.60 percent to 2,978 and the Singapore Straits Times index finished 0.04 percent lower at 3,327. ASX 200 in Australia recorded its first weekly loss in a month finishing today 0.7 percent lower at 6618.  In Japan the main benchmark, Nikkei 225 finished 0.29 percent lower at 21,516 as traders are cautious ahead of the Trump – Xi Jinping meeting on Saturday.

In Asian forex markets USDJPY trading 0.13 percent lower at 107.63, the Aussie dollar trading 0.10 percent higher against greenback and Kiwi also adds 0.17 percent vs USD.

In Asian session calendar we had the report on Japanese Housing Starts, Year on Year, which came in at -8.7% worst than analyst’s forecasts of -4.3% for May.

In Australia the Private Sector Credit, Month on Month came in at 0.2%, worst than analyst’s forecasts of 0.3% in May.