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 +1.45% surged 1.7% as traders returned from a holiday Monday. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.27% was about flat, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.08% slipped 0.5% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.31% dipped 1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.38% edged up 0.2%, and benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.11% , Singapore /zigman2/quotes/210597985/delayed SG:STI -2.17% , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI -1.06% and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.06% were mostly up. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.34% inched down 0.1%.
Among individual stocks, SoftBank /zigman2/quotes/207303954/delayed JP:9984 +0.65% gained in Tokyo trading, along with Toyota /zigman2/quotes/203803129/delayed JP:7203 +1.18% and Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +2.83% . In Hong Kong, China Resources Land /zigman2/quotes/202417326/delayed HK:1109 +1.57% rose while CNOOC /zigman2/quotes/203421416/delayed HK:883 -1.28% and WH Group /zigman2/quotes/204247792/delayed HK:288 -0.94% declined. Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 -0.51% rose in Taiwan, while Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.27% and BHP /zigman2/quotes/201448516/delayed AU:BHP +0.50% fell in Australia.