
BEIJING (AP) — Asian stocks were mixed Tuesday after Wall Street’s gains as investors waited for a new U.S. tariff hike in a trade battle with China. KEEPING SCORE: The Shanghai Composite Index lost 0.3 percent to 2,661.33, while Tokyo’s Nikkei 225 added 1 percent to 22,595.52. Hong Kong’s Hang Seng retreated 0.3 percent to 26,538.58 and Sydney’s S&P-ASX 200 advanced 0.5 percent to 6,171.00. Seoul’s Kospi shed 0.3 percent to 2,281.90, while New Zealand. Benchmarks in Taiwan and Southeast Asia declined.
Main Idea: U.S. stocks rebounded after a losing streak, but Apple and other markets stayed under pressure as traders waited for a new tariff decision in the U.S.-China trade fight.
Key Points:
New tariffs could raise prices for Apple products and other imported goods, squeezing household budgets and small businesses.
Industrial stocks and retailers rebounding may lift worker confidence and retirement accounts if markets stay steadier.
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Named company among the stocks that climbed in the rebound.
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