Stocks were mainly lower in Asia on Tuesday, and withdrawn from Monday's rally asked that President Donald Trump had pushed back a deadline to raise tariffs on imports from China to allow for more negotiations.
Mainland China indices rose, but after a report in the Hong Kong newspaper, South China Morning Post reported that a vice president of the Banking Regulatory Commission, Wang Zhaoxing, had said there was a risk of fluctuating debt.
Shanghai Composite Index
added 0.4%, while Japan's Nikkei 225 index
lost 0.4%. Hong Kong's Hang Seng Index
HSI, [-0.7459006] -0.73%
fell 0.6%. South Korea's Kospi
slid 0.2%. Taiwan Reference Index
Y9999, + 0.01%
was flat, while Singapore
Australia's ASX 200
fell 0.9% as falling prices for oil and other commodities hit energy companies like Santos
and oil search
Among some shares, oil producer Inpex
tumbled in Tokyo trading while Mitsubishi UFJ
also declined. AAC
thrown in Hong Kong
AAPL, + 0.73%
supplier warns that the net result in the first quarter may fall up to 75%. CNOOC and Galaxy Entertainment
0027, [1.67%] fell as well. Samsung
and SK Hynix
slipped in Korea.
On the other hand, the shares were modestly higher after most of their winnings came from an early rally as a result of the Trump administration's decision to abolish a March 2 increase of $ 200 billion in Chinese imports.
Investors welcomed the move, which averted an escalation in the damaging trade war between the world's two largest economies. The battle is over US complaints that Beijing is stealing technology or pushing companies to take it over.
But many questions remain about the prospect of an agreement that will relax the customs already beaten on both sides of billions of dollars of each other's goods. Trump's contradictory comments on the status of the calls have added uncertainty, said Jingyi Pan of IG.
"As we continue to see the trade issue through an opaque display and make assumptions from President Donald Trump's shadows, Sa Pan in a comment.
The S&P 500 Index
SPX, + 0.12%
added 0.1% to 2,796.11. Dow Jones Industrial average
DJIA, [0.2459006] + 0.23%
became 0.2% to 26.091.95, while Nasdaq Composite
COMP, + 0.36%
rose 0.4% to 7.554.46. The Russell 2000 Index
of smaller companies fell 0.1% to 1 588.81.
Elsewhere in Asia, South Korea's Kospi
fell 0.3% and Indias Sensex
fell 0.6% among mounting voltages with Pakistan. Stocks were lower in Southeast Asia.
Pakistan's military spokesman tweeted that Indian planes crossed into Pakistan and then "released payload," but said it was no coincidence. The Indian side had no immediate comment.
U.S. crude oil
gave up 32 cents to $ 55.16 per barrel in electronic commerce on the New York Mercantile Exchange. It lost 3.1% to settle at $ 55.48 a barrel in New York after Trump criticized rising oil prices in an early morning tweet. Burned crude oil
fell 4 cents to $ 64.72 per barrel.
fell to 110.83 yen from 111.04 yen on Monday. The
strengthened to $ 1,1376 from $ 1,1356.
Provides critical information for the US trading day. Subscribe to MarketWatch's free need to know newsletters. Register here.