Stock market today: Asian shares mostly slip ahead of China-US meeting

TOKYO — Asian shares mostly declined in muted trading Wednesday as attention focused on prospects for improved China-U.S. relations from meetings next week on the sidelines of a Pacific Rim summit.

Japan's benchmark Nikkei 225 dropped 0.3% to finish at 32,166.48. South Korea’s Kospi lost 0.9% to 2,421.62.Moody’s Investors Service affirmed the Government of Japan’s A1 long-term foreign currency and local currency issuer and local currency senior unsecured ratings. The outlook was maintained at stable.

TripAdvisor jumped 11% after reporting better results for the summer than analysts expected, while Emerson Electric sank 7.4% after falling short of expectations. In other trading, benchmark U.S. crude gave up 5 cents to $77.32 a barrel in electronic trading on the New York Mercantile Exchange. It dropped $3.45 to settle at $77.37 on Tuesday, and was back to where it was in July, beforeBrent crude, the international standard, picked up 11 cents to $81.72 a barrel.

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