\n<\/p>\n
Asian shares turned in a mixed performance on Tuesday as trade tensions persisted and investors waited for clues on how companies are withstanding tariffs.<\/p>\n
Google parent Alphabet, Tesla, General Motors and Intel are among the prominent U.S. companies scheduled to publish their earnings results this week.<\/p>\n
Gold eased from a one-month high as the dollar struggled to recover ahead of a speech by U.S. Federal Reserve Chair Jerome Powell.<\/p>\n
Oil held a decline amid concerns the brewing trade war between major crude consumers the U.S. and the European Union will curb fuel demand.<\/p>\n
China’s Shanghai Composite Index rose 0.6 percent to 3,581.86, climbing to an eight-month high. Hong Kong’s Hang Seng Index closed up 0.5 percent at 25,130.03.<\/p>\n
Shares of construction and power firms surged after China announced over the weekend the start of construction on a $170 billion hydropower dam in Tibet.<\/p>\n
Japanese markets<\/span> ended a choppy session slightly lower after the ruling coalition lost its majority in the upper house over the weekend.<\/p>\n The Nikkei 225 Index edged down 0.1 percent to 39,774.92, while the broader Topix Index finished marginally higher at 2,836.19.<\/p>\n Japan Steel Works, Tokyo Electric Power Company Holdings and Mitsubishi Heavy Industries surged 5-6 percent, while Sumitomo Pharma lost 5 percent and Ebara Corp. declined 4.3 percent. SoftBank Group rallied 2.9 percent to extend gains for a third straight session.<\/p>\n Seoul stocks tumbled amid uncertainty over ongoing tariff negotiations with the United States and caution ahead of the corporate earnings season.<\/p>\n The Kospi slumped 1.3 percent to 3,169.94, dragged down by tech stocks. Samsung Electronics gave up 2.7 percent and SK Hynix shed 1.5 percent.<\/p>\n Australian markets ended slightly higher as the Reserve Bank of Australia’s July meeting minutes revealed a broadly aligned view that there will be “some additional reduction in interest rates over time”.<\/p>\n The benchmark S&P\/ASX 200 Index crept up 0.1 percent to 8,677.20 as higher commodity prices boosted mining stocks.<\/p>\n BHP Group shares climbed 2.6 percent and Rio Tinto rallied 3.4 percent. The broader All Ordinaries Index closed 0.2 percent higher at 8,941.50.<\/p>\n Across the Tasman, New Zealand’s benchmark S&P\/NZX-50 Index settled 1 percent lower at 12,833.74, retreating from a five-month high amid persistent global trade uncertainties.<\/p>\n U.S. stocks ended mostly higher overnight as upbeat earnings and lower bond yields offset lingering trade tensions.<\/p>\n The tech-heavy Nasdaq Composite and the S&P 500 rose 0.4 percent and 0.1 percent, respectively, to hit new record closing highs, while the Dow finished marginally lower. <\/p>\n<\/p>\n<\/div>\n