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Asia Markets: Asian markets mixed as Trump moves to ban Huawei

Asian markets were mixed in early trading Thursday after President Donald Trump signed an order that would ban telecom equipment from countries considered “foreign adversaries,” in a move apparently targeted at China’s Huawei Technologies.

On Wall Street, a promising update on the Trump administration’s efforts to reach a trade deal with Canada and Mexico by Treasury Secretary Steven Mnuchin put investors in a buying mood on Wednesday

Sentiment also got a boost from reports that the White House plans to delay new tariffs on car and auto parts imports from Europe by up to six months.

Mnuchin also said he expected to travel soon to Beijing to resume talks on the trade dispute that has rattled financial markets and cast doubt over the global economic outlook.

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