By Dow Jones Newswire
Asian markets were mixed Tuesday, with Chinese equities rising while Japanese stock markets, back from a holiday, declined.
Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -1.40% dropped 1.3%, though analysts said that was mostly a catch-up reaction to Monday’s widespread regional declines that took place while Japanese markets were closed for a holiday. Electronics were among the biggest decliners as concerns over U.S.-China trade tensions continue to grow and as the yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.1647% has rebounded since Friday. Sharp /zigman2/quotes/203224600/delayed JP:6753 -2.17% fell more than 5% and Renesas /zigman2/quotes/203872935/delayed JP:6723 -2.20% was down 4.6% amid broad selling. Financials have fallen less, with bond yields remaining up. The 10-year JGB was up a 0.9 basis point at 0.154%.
Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.36% was down 0.1%, notching its second six-day losing streak in a month. Tencent /zigman2/quotes/204605823/delayed HK:700 -1.58% hit a 15-month lows in dropping more than 1%. Meanwhile, auto maker Geely /zigman2/quotes/200716015/delayed HK:175 +0.27% skidded 5.2% after its September sales report. But oil heavyweight CNOOC /zigman2/quotes/203421416/delayed HK:883 -1.96% climbed 2%.
Chinese stocks were mixed after Monday’s steep 4% slides left indexes there near multiyear lows. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.05% rose nearly 0.2% while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.12% declined 0.1%.
Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.16% slipped 1%, dragged by financial stocks such as Commonwealth Bank of Australia /zigman2/quotes/200638713/delayed AU:CBA +0.89% . New Zealand’s benchmark /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.52% fell almost as much.
Singapore’s stock benchmark /zigman2/quotes/210597985/delayed SG:STI -0.47% hit a three-week low while Malaysia’s benchmark /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.10% slipped slightly as well. Taiwan’s Taiex gained a bit. South Korean markets were closed for a holiday.