Chinese stock indexes traded mixed Tuesday, after Wall Street fell sharply amid a report Monday that the U.S. may impose more tariffs against Chinese goods.


However, U.S. stock futures were pointing higher in their early Tuesday dealings, after the Asian close, after President Donald Trump said the U.S. will “make a great deal with China,” in an interview with Fox.


Hong Kong stocks fell after Monday’s brief respite as talk of tariffs weighed on Chinese stocks listed in the city. The Hang Seng Index HSI, -0.91% was down 0.9%. The U.S. is preparing to extend tariffs on all remaining Chinese imports by early December if talks between Donald Trump and Xi Jinping fail, according to a Bloomberg report on Monday, citing unnamed sources. BOC Hong Kong 2388, -6.95% fell nearly 7% to lead losers, following its disappointing third-quarter earnings.


China’s Shanghai Composite SHCOMP, +1.02% gained 1% after the previous day’s tumble, and the Shenzhen Composite 399106, +0.94% reversed early losses to gain 0.9%. Liquor stocks continued to head south on weak results, with Kweichow Moutai 600519, -4.57% sliding 4.5%, dragging major consumer names along. But Ping An Insurance 601318, +1.29% , buoyed by its record share buyback plan, reversed an opening drop.


Japanese stocks were higher amid gains in financial shares following solid earnings results, which helped offset losses in energy stocks. The Nikkei NIK, +1.45% gained 1.4%. Banks led gains after the Treasury yield went higher overnight, with Mitsubishi UFJ Financial Group 8306, +2.25% up 2.2%. Equipment manufacturer Komatsu 6301, +6.18% gained 6.2% following a full-year guidance upgrade. Meanwhile, oil explorer Inpex 1605, -3.24% fell 3.2% after crude prices fell overnight.



South Korea’s Kospi SEU, +0.93% edged up 0.9%, led by gains by chip making giants Samsung 005930, +2.29% and SK Hynix 000660, +2.10% after Chinese chip company Fujian Jinhua Integrated Circuit Co. was slapped with export restrictions by the U.S.



Benchmarks in Australia XJO, +1.34% and New Zealand NZ50GR, +0.38% were about flat, while Singapore’s Strait Times Index STI, -0.51% fell and Taiwan’s Taiex Y9999, +0.10% rose slightly.

https://www.marketwatch.com/story/as...ain-2018-10-29