Hong Kong stocks fall as Xpeng leads EV stocks lower, U.S.-China talks kick off

Hong Kong stocks fall as Xpeng leads EV stocks lower, U.S.-China talks kick off

People are reflected in a glass while looking at electronic boards displaying stock information at the Australian Securities Exchange.

Brendon Thorne | Bloomberg | Getty Images

South Korea’s Kospi was flat, while the Kosdaq higher by 0.39%.

Japan’s Nikkei 225 dipped 0.20% and the Topix lower by 0.08%.

Mainland China’s CSI 300 dropped 0.72%.

In Australia, the S&P/ASX 200 fell 0.67% to close at 7,058.40.

Overnight, U.S. stocks climbed, building on the strong rally from Tuesday, on the back of more encouraging inflation data.

The S&P 500 advanced 0.16%, while the Nasdaq Composite inched higher by 0.07%. The Dow Jones Industrial Average added 163.51 points, or 0.47%.

The Dow rose for the fourth straight session.

— CNBC’s Lisa Kailai Han contributed to this report

admin