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Asia Markets: Asian markets mixed as U.S.-China trade tensions rear up again

Asian stock markets were mixed in early trading Tuesday, after Wall Street’s steep reversal following a report that the U.S. may impose more tariffs against Chinese goods.

Japanese stocks were higher amid gains in financials following solid earnings results which helped offset losses in energy stocks. The Nikkei NIK, +1.45% was last up 0.8%. Banks led gains after the Treasury yield went higher overnight, with Mitsubishi UFJ Financial Group 8306, +2.37% up 1.4%. Equipment manufacturer Komatsu 6301, +5.40% gained 4.4% following a full-year guidance upgrade. Meanwhile, oil explorer Inpex 1605, -2.38% fell 2.4% after crude prices fell overnight.

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