Asian markets were little changed in early trading Tuesday, as investors were rattled by a possible snag in a U.S.-Chinese trade truce following reports Beijing wants Washington to life punitive tariffs.<\/p>\n
Japan\u2019s Nikkei
Among individual stocks, Rakuten
Beijing wants 15% tariffs imposed in September on $125 billion of Chinese imports removed as part of a \u201cPhase 1\u201d deal in talks aimed at ending a trade war that threatens global growth, according to news reports. There was no sign whether President Donald Trump would agree, which raised the possibility of a new breakdown in negotiations.<\/p>\n \u201cWe see it fit to temper optimism for now,\u201d said Vishnu Varathan of Mizuho Bank in a report.<\/p>\n On Wall Street, the Dow Jones Industrial Average
Gains have been driven by better-than-expected company earnings, interest rate cuts, hopes for a trade truce and a steadily growing economy.<\/p>\n The upbeat mood marks a pivot from the summer, when worries about trade, Britain\u2019s potentially messy exit from the European Union and the slowing global economy loomed over the market.<\/p>\n China\u2019s central bank helped ease worries about a possible liquidity crunch by cutting its base interest rate on a one-year loan by 0.05% to 3.25%.<\/p>\n Analysts said the People\u2019s Bank of China was fill demands for credit while keeping financial system risks under control.<\/p>\n \u201cThis is a small step towards future policy rate cuts, and it also signals that China\u2019s central bank will finally start to follow other central banks in lowering its policy rate,\u201d Citigroup economists said in a report.<\/p>\n Benchmark U.S. crude
The dollar
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\n NIK, +0.22%<\/span><\/a><\/span>
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\n \u00a0 was up 0.1% while Hong Kong\u2019s Hang Seng Index
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\n HSI, +0.08%<\/span><\/a><\/span>
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\n \u00a0 dipped 0.1%. The Shanghai Composite
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\n SHCOMP, -0.33%<\/span><\/a><\/span>
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\n \u00a0 slipped 0.2% and the Shenzhen Composite
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\n 399106, -0.75%<\/span><\/a><\/span>
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\n \u00a0 fell 0.5%. South Korea\u2019s Kospi
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\n 180721, +0.27%<\/span><\/a><\/span>
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\n \u00a0 rose 0.1% while benchmark indexes in Taiwan
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\n Y9999, +0.00%<\/span><\/a><\/span>
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\n \u00a0, Singapore
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\n STI, +0.31%<\/span><\/a><\/span>
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\n \u00a0, Malaysia
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\n FBMKLCI, -0.39%<\/span><\/a><\/span>
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\n \u00a0 and Indonesia
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\n JAKIDX, -0.46%<\/span><\/a><\/span>
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\n \u00a0 were mixed. Australia\u2019s S&P\/ASX 200
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\n XJO, -0.55%<\/span><\/a><\/span>
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\n \u00a0 fell 0.5%.<\/p>\n
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\n 4755, +0.68%<\/span><\/a><\/span>
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\n \u00a0 and Inpex
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\n 1605, +1.49%<\/span><\/a><\/span>
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\n \u00a0 rose in Tokyo trading. Casino operator Galaxy Entertainment
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\n 27, -1.17%<\/span><\/a><\/span>
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\n \u00a0 and Apple component maker Sunny Optical
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\n 2382, -0.82%<\/span><\/a><\/span>
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\n \u00a0 fell in Hong Kong. SK Hynix
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\n 000660, -1.53%<\/span><\/a><\/span>
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\n \u00a0 slipped in South Korea while Foxconn
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\n 2354, -2.03%<\/span><\/a><\/span>
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\n \u00a0 sank in Taiwan. BHP
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\n BHP, +1.49%<\/span><\/a><\/span>
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\n \u00a0 gained in Australia while Virgin Australia
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\n VAH, -1.61%<\/span><\/a><\/span>
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\n \u00a0 dipped.<\/p>\n
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\n DJIA, +0.11%<\/span><\/a><\/span>
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\n \u00a0 and the Nasdaq
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\n COMP, +0.02%<\/span><\/a><\/span>
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\n \u00a0 closed at record highs Tuesday. The S&P 500 index
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\n SPX, -0.12%<\/span><\/a><\/span>
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\n \u00a0 closed just below the all-time high reached the previous day.<\/p>\n
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\n CLZ19, -0.35%<\/span><\/a><\/span>
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\n \u00a0 lost 31 cents to $56.92 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 69 cents on Tuesday to close at $57.23. Brent crude
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\n BRNF20, -0.43%<\/span><\/a><\/span>
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\n \u00a0, used to price international oils, declined 37 cents to $62.59 per barrel in London. It gained 83 cents the previous session to close at $62.96.<\/p>\n
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\n USDJPY, -0.07%<\/span><\/a><\/span>
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\n \u00a0 declined to 109.03 yen from Tuesday\u2019s 109.16. <\/p>\n<\/p><\/div>\n
<\/p>\n