Stocks in Asia were mixed on Tuesday amid renewed tensions between the U.S. and China after Washington said tariffs on Chinese goods will rise on Friday.
Japanese markets returned after a week-long-plus holiday, with the Nikkei 225 losing 335.01 points, or 1.5%, to 21,923.72, as shares of index heavyweight Fanuc dropped more than 3%.
The Japanese yen, widely viewed as a safe-haven currency, traded at 110.68 against the U.S. dollar after touching highs below 110.5 in the previous trading session.
In Hong Kong, the Hang Seng Index gained back 153.2 points, or 0.5%, to 29,363.02, as shares of life insurer AIA gained beyond 1.5%.
Korean markets pointed downward, as shares of Hyundai Motor dropped more than 1%.
The Australian dollar changed hands at $0.7032 U.S., bouncing from an earlier low of $0.6979, after the Reserve Bank of Australiakept interest rates on hold.
The RBA ended its monthly policy meeting by keeping rates unchanged at 1.5%, where they have been since mid-2016.
CHINA
In Shanghai, the CSI 300 index recovered 36.05 points, or 1%, to 3,720.67
Various media reported that a Chinese delegation will still travel to the U.S. to continue negotiations this week, albeit with a smaller group than originally planned. Chinese Vice Premier Liu is also expected to join the delegation in Washington.
In other markets
In Korea, the Kospi index fell 19.33 points, or 0.9%, to 2,176.99
In Singapore, the Straits Times Index recouped 21.9 points, or 0.7%, to 3,312.52
In Taiwan, the Taiex Index restored 90.02 points to 0.8%, to 10,987.14
In New Zealand, the NZX 50 gained 66.77 points, or 0.7% to 10,027.39
In Australia, the ASK 200 gained 11.95 points, or 0.2%, to 6,295.68
