By Marketwatch and Associated Press
Asian stock markets traded mostly mixed Wednesday, as lingering trade tensions weighed on traders.
China’s ambassador to the U.S., Cui Tiankai, said Tuesday on Fox News that “the door is still open” to resuming trade negotiations with the U.S., although no new talks are scheduled. Tensions have ramped up over the past week, though were tempered slightly Monday by reports that the Trump administration will offer 90-day exemptions for some U.S. companies doing business with Huawei Technologies.
However, a fresh wrinkle in the trade saga may have opened after reports the White House may add a handful of Chinese video surveillance firms to a list of blacklisted companies from the country. Shares of Hangzhou HIK Vision Digital /zigman2/quotes/202445716/delayed CN:002415 +2.00% fell over 5%, and China’s main stock index eased back.
Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.28% finished flat after data showed exports fell for a fifth straight month in April. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.59% inched up 0.1%, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.74% closed down 0.5% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.15% saw a similar loss. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.87% rose 0.2%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.73% , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.46% and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.64% mostly posted losses. From Jakarta came reports of riots, injuries and deaths after supporters of a presidential candidate who lost a Tuesday election clashed with security forces
Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.18% closed up 0.2%.
Among individual stocks, SoftBank Group /zigman2/quotes/207303954/delayed JP:9984 +0.07% rose in Tokyo trading while Suzuki Motor /zigman2/quotes/201794956/delayed JP:7269 +0.62% tumbled. In Hong Kong, casino operator Sands China /zigman2/quotes/207609245/delayed HK:1928 +0.41% gained while China Mobile /zigman2/quotes/200868736/delayed HK:941 +0.08% slipped. SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +1.40% slid in South Korea while chip-making rival Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 +1.96% jumped in Taiwan. Westpac /zigman2/quotes/203084975/delayed AU:WBC -0.21% gained but Fortescue Metals /zigman2/quotes/202351558/delayed AU:FMG -0.35% fell in Australia.