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.
surged 1.7% as traders returned from a holiday Monday. Hong Kong’s Hang Seng Index
was about flat, while the Shanghai Composite
slipped 0.5% and the Shenzhen Composite
dipped 1%. South Korea’s Kospi
edged up 0.2%, and benchmark indexes in Taiwan
were mostly up. Australia’s S&P/ASX 200
inched down 0.1%.
Among individual stocks, SoftBank
gained in Tokyo trading, along with Toyota
and Fast Retailing
. In Hong Kong, China Resources Land
rose while CNOOC
and WH Group
declined. Taiwan Semiconductor
rose in Taiwan, while Beach Energy
fell in Australia.
Source : MTV