Shanghai: Losses and Briefly

shanghai: The benchmark closed flat, according to CNN. China's Shanghai Composite SHCOMP also seesawed and briefly slipped 0.2%. It then reversed losses and finished up 0.1%. Read More Jingyi Pan, a market strategist for IG Group, said traders are closely watching to see whether US and Chinese negotiators can strike a trade deal before December 15, when a new round of American tariffs are set to take effect on around 160 billion worth of Chinese goods. Japan's Nikkei 225 rose 0.3%. The market also got a boost after Japan revised its gross domestic product growth to an annualized 1.8% for the third quarter, compared with the initial estimate of 0.2%. South Korea's Kospi KOSPI also gained 0.3%. Hong Kong's Hang Seng opened slightly higher, but then bounced between small gains and losses. The latest Chinese trade data also suggests it's more urgent for Beijing to ink a deal with Washington in order to ease economic pressure, she added. That was mainly because shipments to the United States plunged 23%, as the long-running trade war continues to hurt Chinese exporters. China's exports dropped by a worse-than-expected 1.1% in November from a year prior, marking a fourth straight month of decline, according to government data released on Sunday. (news.financializer.com). As reported in the news.