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Asian shares mixed on caution over China-US trade deal
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Oct. 17, 2019. Asian shares were mixed Thursday after officials signaled work remains to be done on an agreement for a truce in the tariff war between the U.S. and China. (AP Photo/Ahn Young-joon)

Asian shares mixed on caution over China-US trade deal

Asian shares were mixed Thursday after officials signaled work remains to be done on an agreement for a truce in the tariff war between the U.S. and China.

Hong Kong led regional gains after its chief executive, Carrie Lam, announced help for the property sector. The semi-autonomous city’s economy has been languishing amid months of increasingly violent political protests that are in part fueled by the sky-high cost of housing.

The Hang Seng index added 0.7% to 26,863.25 as real estate companies advanced. Cheung Kong jumped 1.8% while Sun Hung Kai added 2.5%.

But elsewhere sentiment was tepid. Tokyo’s Nikkei 225 index edged 0.1% higher to 22,494.45 while the Shanghai Composite index slipped 0.1% to 2,976.57.

Australia’s S&P ASX 200 lost 0.8% to 6,686.20 and the Kospi in Seoul gave up 0.5% to 2,075.02.

Shares fell in Taiwan and Singapore but logged gains in Jakarta and Bangkok.