Asia Markets: Asian markets mixed as doubts emerge over trade deal [MarketWatch]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: MarketWatch
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, -0.13% was about flat, while the Shanghai Composite SHCOMP, -0.50% slipped 0.5% and the Shenzhen Composite 399106, -0.99% dipped
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