Asian equities still hurt by US-China trade tensions

Nikkei 29-11

The more defensive mood extends towards the end of the week as US-China tensions continue to weigh on optimism surrounding trade talks for the time being.

Notably, the Hang Seng is down by 2% as large protests are reportedly set to take place in Hong Kong once again this weekend. The Shanghai Composite is down by 0.9%.

In the currencies space, things are more calm with USD/JPY barely changed at 109.48 reflecting a similar sentiment seen in Treasury yields, which are keeping more flat.