Asia markets higher despite renewed US-China tensions

Stocks in Asia traded higher on Tuesday morning despite renewed geopolitical tensions, with China accusing the U.S. of fueling cybersecurity fears.

Investors also awaited developments on the U.S.-China trade front. The White House said on Monday that trade talks between the two economic powerhouses will continue in Washington on Tuesday, with higher level negotiations starting later in the week.

“Given the confluence of geopolitical uncertainties and the lingering shadow of trade tensions, Asian markets may tread a more cautious path today,” OCBC Treasury Research said in a morning note.

Mainland Chinese markets gained in early trade, with the Shanghai composite rising around 0.6 percent while the Shenzhen component added 0.912 percent. The Shenzhen composite advanced 0.940 percent.

Hong Kong’s Hang Seng index also gained 0.43 percent.

Japan’s Nikkei 225 rose 0.12 percent and the Topix was 0.17 percent higher in morning trade, as shares of index heavyweight Fast Retailing gained 0.4 percent.

South Korea’s Kospi, on the other hand, recovered from its earlier losses to rise slightly.

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