Asia Markets: Asian markets cautiously rise amid fresh trade-deal doubts

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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, -0.38%   fell 0.4% while Hong Kong’s Hang Seng Index HSI, +0.38%   rose 0.5%. The Shanghai Composite SHCOMP, +0.73%   gained 0.7% and the smaller-cap Shenzhen Composite 399106, +0.96%   advanced 0.9% after a private gauge found Chinese factory activity expanded in October for the third straight month. South Korea’s Kospi 180721, +0.45%   rose 0.4% while benchmark indexes in Taiwan Y9999, +0.04%  , Singapore STI, -0.03%  , Malaysia FBMKLCI, -0.43%   and Indonesia JAKIDX, -0.23%   were mixed. Australia’s S&P/ASX 200 XJO, -0.03%   was up 0.1%.

Among individual stocks, Nintendo 7974, +5.93%   surged in Tokyo trading after the videogame company reported strong quarterly sales of its Switch Lite handheld console. Rakuten 4755, -0.96%   and oil producer Inpex 1605, -2.63%   fell. In Hong Kong, Sunny 2382, +2.37%   property developer Country Garden 2007, +1.65%   and Ping An Insurance 2318, +1.16%   gained. Chip maker SK Hynix 000660, +1.10%   advanced in South Korea while Foxconn 2354, +3.07%   jumped in Taiwan. Beach Energy BPT, +1.75%   gained in Australia while ANZ Banking ANZ, -1.76%   fell.