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Asian Markets Mixed; Chinese Stocks Gain as U.S. Eases Restrictions on Huawei

Investing.com - Asian markets were mixed in morning trade on Tuesday, with Chinese stocks moving higher as trade tensions between Washington and Beijing eased marginally.

The Shanghai Composite and the Shenzhen Component gained 0.9% and 0.6% by 10:30 PM ET (02:30 GMT). Hong Kong’s Hang Seng Index was unchanged at 27,781.00.

Investor sentiment recovered after the U.S. Commerce Department said it would offer U.S. companies a temporary exemption – in specific cases - from the ban on selling to telecoms giant Huawei that was at the heart of Monday’s volatility.

The exemption is intended to give telecommunications providers that rely on Huawei equipment time to make other arrangements and minimize disruption for the telecom company's customers around the world., U.S. Secretary of Commerce Wilbur Ross said in a statement.

Japan’s Nikkei 225 slipped 0.3%. South Korea’s KOSPI was up 0.6% as index heavyweight Samsung (KS:005930) jumped more than 3%.

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