Chinese stocks declined on Tuesday, while other major Asian markets were largely unchanged amid ongoing global trade tensions.
In Japan, the Nikkei 225 inched back 2.34 points to 20,408.54, with shares of index heavyweight Softbank Group dropping 3.27%
The Japanese yen traded at 107.87 against the U.S. dollar after touching levels around 109.9 last week.
In Hong Kong, the Hang Seng slumped 132.34 points, or 0.5%, to 26,761.52. Shares of Chinese tech giant Tencent fell 1.9%.
Over in Australia, the ASX 200 rose after the Reserve Bank of Australia announced that it was cutting its cash rate by 25 basis points to 1.25% on Tuesday. The Australian dollar changed hands at $0.6986 U.S. after touching an earlier low of $0.6958.
CHINA
In Shanghai, the CSI 300 index dropped 33.54 points, or 0.9%, to 3,598.47
Investors continue to watch for developments on U.S.-China trade, with tensions having risen since the two economic powerhouses engaged in a tariff escalation on each other’s goods in May.
In other markets
In Korea, the Kospi index lost 0.88 points to 2,066.97
In Singapore, the Straits Times Index gained 18.91 points, or 0.6%, to 3,142.37
In Taiwan, the Taiex Index slouched 70.95 points, or 0.7%, to 10,429.12
In New Zealand, the NZX 50 returned from a long weekend to lose 166.06 points, or 1.6%, to 9.951.93
In Australia, the ASX 200 recovered 11.81 points, or 0.2%, to 6,332.36
