Asian shares pare steeper losses after positive US-China trade developments [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Asian shares pare some losses after positive US-China trade developments Asian shares slipped on Thursday, but pared some of the steeper losses seen earlier after China announced it was planning for a new round of trade talks with the United States. Beijing said it had accepted an invitation from the U.S. to take part in trade negotiations in late August. The country's vice commerce minister Wang Shouwen will lead the Chinese delegation in talks with U.S. officials. China's commerce ministry added that China was against unilateralism and protectionism, but was open to dialogue. Greater China markets narrowed losses following the news, with the Shanghai Composite last trading lower by 0.87 percent after opening more than 1 percent down. Hong Kong's Hang Seng Index slipped 0.61 percent. Other major markets in the region also retraced some of their earlier losses. The Nikkei 225 slipped 0.2 percent, trading both in and out of positive territory. The benchmark had earlier lost more than 3
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