BEIJING (AP) — Asian stock markets were mixed Monday following a U.S.-Chinese trade deal that disappointed some investors.
Hong Kong fell, while Shanghai, Tokyo and Seoul were little-changed.
The interim “Phase 1” agreement announced Friday was in line with expectations. The two sides agreed to reduce some punitive tariffs imposed in their fight over China’s technology ambitions and trade surplus. Beijing agreed to buy more American farm exports.
Market choppiness reflects concern “the details were disappointing,” said Mizuho Bank in a report.