Global markets today: Nikkei 225, Kospi fall amid Trump-Zelenskyy meeting

Global markets today: Asian markets mostly traded in red on Tuesday as investors awaited the outcome of discussions at the White House between U.S. President Donald Trump, Ukraine’s President Volodymyr Zelenskyy, and European leaders.

Japan’s Nikkei 225 inched up 0.1 per cent after hitting a record high in the previous session, while the broader Topix index was unchanged.

In South Korea, the Kospi slipped 0.2 per cent in early trading, and the tech-heavy Kosdaq shed 0.33 per cent. Australia’s S&P/ASX 200 opened 0.61 per cent lower.

Meanwhile, futures for Hong Kong’s Hang Seng index were at 25,230, suggesting a stronger open compared with Monday’s close of 25,176.85.

Trump and Zelenskiy held talks on the future of the war in Ukraine, shortly after Trump’s summit with Russian President Vladimir Putin, which ended without any outcome. Trump mentioned he planned to call Putin and suggested the possibility of a three-way meeting between them.

U.S. stock futures showed little movement in early Asian trading at the start of a week packed with retail earnings announcements and comments from Federal Reserve officials.

In the previous U.S. session, the major indices hovered near flat levels. The Dow Jones Industrial Average slipped 34.30 points, or 0.08%, to finish at 44,911.82. The S&P 500 edged down 0.01% to 6,449.15, while the Nasdaq Composite added 0.03% to close at 21,629.77.

Market participants are also keeping a close watch on the Fed’s annual conference in Jackson Hole, Wyoming, scheduled for August 21–23. Fed Chair Jerome Powell is set to speak at the event, which could provide further insight into the economic outlook and the central bank’s policy direction.

According to LSEG data, investors are still anticipating a 25-basis-point rate cut from the Federal Reserve next month, but their expectations for additional cuts later this year have diminished.

(With inputs from agencies)

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