Asian stocks were mixed Tuesday as investors assessed the re-escalating trade war. Treasury yields pared losses and the Chinese yuan dipped.

Korean and Japanese shares slid as both markets came back online after holidays, while stocks in China and Hong Kong recovered some of Monday’s losses. The drop in Tokyo was modest given Japan was shut for six trading days, perhaps helped by a relatively muted climb in the yen amid the renewal of trade-war tensions. Equities also rose in Australia, where interest rates could be cut at a central bank meeting Tuesday.  -  Bloomberg 


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