East Asian equity markets mixed on Wednesday after yesterday's losses. Beijing and Moscow have delayed the signing of an agreement that would replace the US dollar in national currencies in mutual trade deals.

The Chinese government announced plans to cut and eliminate subsidies on electric vehicles by 2020. Meanwhile, Japan withdrew from the International Whaling Commission and is scheduled to resume commercial whaling.

Japan withdraws from the International Whaling Commission and will resume commercial whaling

Japan has announced that it is withdrawing from the International Whaling Commission (IWC) and plans to resume commercial whaling in July.

"In its long history, Japan has used whales not only as a source of protein but also for a variety of other purposes," said Yoshihide Suga of the press. "Whaling involved local communities, thus developing the life and culture of whaling." , Expressing the hope that "more countries will participate in the same position to promote the sustainable use of aquaculture resources based on scientific evidence."

Japan began industrial-scale whaling in the last decade of the 19th century. After the adoption of the IWC Memorandum in 1982, the country halted commercial whaling. However, the search for whales continued to claim that they are for research purposes.

Re-linking the roads on the Korean Peninsula

Politically, a South Korean delegation traveled to North Korea to attend the re-linking of roads and railways across the peninsula, media reports said. North Korean leader Kim Jong-un and South Korean President Moon Jaei agreed last September to hold the ceremony at the end of the year.

A spokesman for the South Korean Unification Ministry said the ceremony was not the beginning of actual work to re-link the roads and railways between the two countries, but "an expression of commitment," adding that actual work on modernization of railways and roads would depend on North Korea's commitment to work. nuclear disarmament. Earlier this month, the two Koreas ended joint inspections of roads and railways.

Asian Indices Trading

• The Shanghai Composite Index was stable at 4:30 am CET,
• While the Shenzhen Composite Index fell 0.17% at 4:36 am CET.
• The Nikkei 225 rose 0.45% at 4:35 am.
• South Korea's Kospi Index fell 1.48% at 04:17 CET.
• Hang Sang was closed in Hong Kong and S & P / ASX 200 in Australia for a public holiday.

The dollar traded almost flat against the yen and sold at 110.3955 yen at 04:44 CET.