By Marketwatch and Associated Press
Asian markets were mixed in early trading Tuesday, as investors grew wary as they waited for more details about last week’s agreement for a partial trade deal between the U.S. and China.
Doubts emerged Monday amid reports that Chinese officials wanted more talks before signing the so-called “phase one" deal. U.S. tariff hikes on about $160 billion in Chinese goods, scheduled to take effect in December, are apparently still on track, although tariff hikes on $250 billion of Chinese goods that were to take effect this week were postponed. A more comprehensive trade deal will come in three phases, President Donald Trump said, with the mode divisive issues to be tackled at a later date.
Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.57% surged 1.7% as traders returned from a holiday Monday. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.75% was about flat, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.09% slipped 0.5% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -1.10% dipped 1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.73% edged up 0.2%, and benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.12% , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.25% , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.14% and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.07% were mostly up. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.76% inched down 0.1%.
Among individual stocks, SoftBank /zigman2/quotes/207303954/delayed JP:9984 -0.58% gained in Tokyo trading, along with Toyota /zigman2/quotes/203803129/delayed JP:7203 -0.74% and Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +0.39% . In Hong Kong, China Resources Land /zigman2/quotes/202417326/delayed HK:1109 -1.27% rose while CNOOC /zigman2/quotes/203421416/delayed HK:883 +1.24% and WH Group /zigman2/quotes/204247792/delayed HK:288 +0.96% declined. Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 -0.33% rose in Taiwan, while Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -2.41% and BHP /zigman2/quotes/201448516/delayed AU:BHP +0.30% fell in Australia.