Asia markets mixed as investors await US-China trade resolution

Shares in Asia were mixed on Thursday following a third consecutive day of losses on Wall Street as investors sought developments on the state of U.S.-China trade negotiations. Meanwhile, U.S. tensions with China reached new heights as Chinese tech giant Huawei filed a lawsuit against the U.S. on Thursday.

Mainland China shares were mixed on the day. The rose 0.14 percent to close at 3,106.42 and the Shenzhen composite added 0.489 percent to finish its trading day at 1,668.53. The Shenzhen component, on the other hand, declined 0.231 percent to close at 9,678.11.

Hong Kong‘s declined around 0.8 percent in its final hour of trading.

Elsewhere in the region, Japan‘s slipped 0.65 percent to close at 21,456.01 as shares of index heavyweight dropped 2.80 percent, while the Topix declined 0.84 percent.

plunged 14.62 percent after reports that the company plans to in anticipation of a further slowdown in Chinese demand. Following the report, Renesas said it was planning to halt production at six plants in Japan for up to two months.

In South Korea, the declined 0.45 percent to close at 2,165.79.

Meanwhile, Australia‘s gained 0.29 percent as almost all the sectors advanced. The heavily weighted financial subindex added 0.2 percent as shares of the country‘s so-called Big Four banks were mixed: declined 0.11 percent and was fractionally lower, while gained 0.33 percent and rose 0.82 percent.