Asian Stocks were mixed, Treasuries little changed

Asian Stocks were mixed on Tuesday, and Treasuries little changed, as enthusiasm over the U.S.-China trade truce proved short-lived amid a disappointing set of economic data.

Asian Stocks

U.S. President Donald Trump said that he would hold off slapping an additional tariffs on $300 billion in Chinese goods as the two countries resumed trade negotiations.

“It has already begun. They are speaking very much on the phone,” Trump told reporters at the White House on Monday, referring to the two nations’ trade negotiators. “It actually began before our meeting (at the G-20 summit),” he added.

  • S&P 500 futures were little changed as of 1:35 p.m. in Tokyo. Earlier, the S&P 500 Index climbed 0.8%.
  • Japan’s Topix was up 0.3%.
  • S&P/ASX 200 rose 0.5%.
  • Kospi dipped 0.4%.
  • Hang Seng rose 1.4%.
  • Shanghai Composite little changed.

Currencies

  • The Japanese yen was little changed at 108.42 per dollar.
  • The euro was flat at $1.1280.
  • The offshore yuan fell 0.1% to 6.8668 per dollar.

Bonds

  • The yield on 10-year Treasuries was little changed at 2.01%.
  • Australia’s 10-year yields fell two basis points to 1.33%.

Commodities

  • West Texas Intermediate crude fell 0.4% to $58.85 a barrel after punching through $60 during Monday’s session.
  • Gold rose 0.3% to $1,388.80 an ounce after tumbling Monday.

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