Asian stocks traded mixed Tuesday as investors reacted to the prospect of U.S. tariffs on all Chinese imports that weighed on American equities.
Equities rose in Japan as the yen dipped and also in South Korea as S&P 500 Index futures climbed. Chinese shares fluctuated while Hong Kong and Australian stocks underperformed.
The MSCI Asia Pacific Index rose 0.2 percent as of 10:36 a.m. Tokyo time.
Kospi index jumped 0.5 percent. Australia’s S&P/ASX 200 Index fell less than 0.05 percent.
Selling intensified after Bloomberg reported the U.S. is preparing to announce by early December tariffs on all remaining Chinese imports if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade war.