Asian markets cautiously rise amid fresh trade-deal doubts – MarketWatch

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Asian markets mostly gained in cautious trading Friday amid fresh doubts about the likelihood of a U.S.-China trade deal.

Bloomberg News reported Thursday that Chinese officials were expressing doubts about the chances of a comprehensive trade deal even if a “phase one” partial deal is signed. President Donald Trump, meanwhile, said the U.S. and China were looking for a new site to sign the “phase one” deal in November, since the upcoming Asia-Pacific summit in Chile was canceled.

U.S. stocks closed lower Thursday on the trade-deal concerns, more evidence of a slowdown in manufacturing and mixed corporate earnings.

Japan’s Nikkei

NIK, -0.33%

  fell 0.4% while Hong Kong’s Hang Seng Index

HSI, +0.72%

  rose 0.5%. The Shanghai Composite

SHCOMP, +0.99%

  gained 0.7% and the smaller-cap Shenzhen Composite

399106, +1.29%

  advanced 0.9% after a private gauge found Chinese factory activity expanded in October for the third straight month. South Korea’s Kospi

180721, +0.80%

  rose 0.4% while benchmark indexes in Taiwan

Y9999, +0.36%

 , Singapore

STI, -0.10%

 , Malaysia

FBMKLCI, -0.42%

  and Indonesia

JAKIDX, -0.44%

  were mixed. Australia’s S&P/ASX 200

XJO, +0.09%

  was up 0.1%.

Among individual stocks, Nintendo

7974, +7.46%

  surged in Tokyo trading after the videogame company reported strong quarterly sales of its Switch Lite handheld console. Rakuten

4755, -1.35%

  and oil producer Inpex

1605, -2.52%

  fell. In Hong Kong, Sunny

2382, +2.05%

  property developer Country Garden

2007, +2.01%

  and Ping An Insurance

2318, +1.10%

  gained. Chip maker SK Hynix

000660, +1.34%

  advanced in South Korea while Foxconn

2354, +3.22%

  jumped in Taiwan. Beach Energy

BPT, +2.62%

  gained in Australia while ANZ Banking

ANZ, -2.06%

  fell.

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