Asian markets mixed as doubts emerge over trade deal

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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












NIK, +1.72%










  surged 1.7% as traders returned from a holiday Monday. Hong Kong’s Hang Seng Index












HSI, -0.08%










  was about flat, while the Shanghai Composite












SHCOMP, -0.48%










  slipped 0.5% and the Shenzhen Composite












399106, -0.98%










  dipped 1%. South Korea’s Kospi












180721, +0.13%










  edged up 0.2%, and benchmark indexes in Taiwan












Y9999, +0.50%










 , Singapore












STI, -0.02%










 , Malaysia












FBMKLCI, -0.15%










  and Indonesia












JAKIDX, -0.12%










  were mostly up. Australia’s S&P/ASX 200












XJO, +0.00%










  inched down 0.1%.

Among individual stocks, SoftBank












9984, +3.01%










  gained in Tokyo trading, along with Toyota












7203, +1.11%










  and Fast Retailing












9983, +1.99%










 . In Hong Kong, China Resources Land












1109, +0.57%










  rose while CNOOC












883, -1.17%










  and WH Group












288, -1.81%










  declined. Taiwan Semiconductor












2330, +2.07%










  rose in Taiwan, while Beach Energy












BPT, -2.07%










  and BHP












BHP, -1.37%










  fell in Australia.



Source : MTV