Asian markets mixed as doubts emerge over trade deal


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