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Asian markets mixed as trade spat in focus, oil stabilizes

WSMV Nashville
Asian markets mixed as trade spat in focus, oil stabilizes

Asian stock markets were mixed on Thursday with Chinese stocks outperforming the region, as investors watched the latest developments on trade. KEEPING SCORE: Japan's Nikkei 225 fell 0.3 percent to 22,584.18 while South Korea's Kospi inched down 0.2 percent to 2,297.62. ANALYST'S TAKE: "Looking at the rhetorical battle between the United States and China recently, it may appear that finding a clue to resolve (the trade war) is impossible," said Lee Seunghoon, an analyst at Meritz Securities Co. in Seoul, South Korea. "But rather than prolonging the trade conflicts, such heated rhetorical battle between the U.S. and China will likely lead to a resumption of negotiations before the U.S. midterm elections." Lee said the actual imposition of additional tariffs by the U.S. on Chinese products could be delayed and concerns about higher consumer prices in the U.S. may discourage President Donald Trump's administration from imposing further tariffs.