Asian Shares Slip After Biden-Xi Talks, Global Shares Mixed

Currency traders talk to each other at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea on Nov. 17, 2021. Ahn Young-joon/AP Photo

Global shares were tangled on Nov. 17 yet Asian shares failed to see market-boosting news following virtual talks between U.S. President Joe Biden and Chinese leader Xi Jinping.

At a three-hour meeting on Nov. 15, the two leaders dialed down some of the heat in Sino-U.S. tensions, though both sides held to entrenched positions on a range of issues. The positive tone offered a slight boost to Asian shares on Nov. 16, but this proved short-lived.