Asian markets fell across the board on Tuesday as investors in the region await a meeting between US President Donald Trump and newly elected Japanese Prime Minister Sanae Takaichi.
Trump met with Japan’s Emperor Naruhito after arriving in Tokyo on Monday and will be the first foreign leader to speak with Takaichi since she took office.
Japan’s Nikkei 225 retreated from a record high on Tuesday, falling 0.15%, while the broader Topix fell 0.49%.
Other Asia-Pacific markets also fell, despite gains on Wall Street that sent all three major US indexes to record closes.
South Korea’s Kospi led the region’s losses, falling 1.15%, while the small-cap Kosdaq fell 0.1%.
South Korea also released third-quarter GDP data, which beat expectations and marked the fastest pace of growth in more than a year.
Australia’s S&P/ASX 200 fell by 0.43%, SEEbiz reports.
Hong Kong’s Hang Seng Index was close to flat, while China’s CSI 300 bucked the trend and rose 0.28%.
Chinese firm Sany Heavy Industry traded flat in its Hong Kong debut on Tuesday after raising 12.36 billion Hong Kong dollars (1.59 billion US dollars) in one of the city’s biggest listings this year.
