Asian markets subdued but higher ahead of U.S.-China trade talks

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Asian stock markets mostly rose in subdued trading early trading Friday, looking to cap a full week of broad gains as investors hope that trade tensions will ease after a weekend meeting between the leaders of U.S. and China.

Japan’s Nikkei














NIK, +0.40%












  was up 0.3%, on pace for its fifth straight gain, with advances by the mining and pharmaceutical sectors leading the way. Shares of health-care company Sysmex














6869, +6.68%












  and drug maker Otsuka














4578, +4.53%












 surged.

In Hong Kong, the Hang Seng Index














HSI, +0.51%












  rose 0.6%, with the energy sector leading gainers as oil rebounded in the U.S.; Cnooc














0883, +3.12%












  was up some 4%.

Chinese equities struggled for direction in early trading, bouncing up and down ahead of the weekend Xi-Trump meeting, which was keeping some investors on the sidelines. The Shanghai Composite














SHCOMP, +0.53%












  was last up 0.2%, while the smaller-cap Shenzhen Composite














399106, +0.53%












  was about flat. That came as manufacturing PMI slowed further in November, missing expectations.

South Korea’s Kospi














SEU, -0.57%












  fell 0.4%, threatening a four-day winning streak, as Samsung














005930, -2.20%












  declined 1%. Benchmark indexes in Taiwan














Y9999, +0.03%












  and Singapore














STI, +0.55%












  each rose about 0.5%.

Australia’s ASX 200














XJO, -1.58%












  fell more than 1%, dragged down by big banks. Westpac














WBC, -1.70%












  and Commonwealth Bank of Australia














CBA, -1.66%












  were each down about 1%. New Zealand’s benchmark














NZ50GR, +0.33%












  rose slightly, on pace for its fourth straight gain.

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