Investing.com - Asian stocks were mixed in morning trade on Wednesday as traders remain cautious about the progress towards ending the trade war.
China’s Shanghai Composite edged up 0.1% by 10:30 PM ET (02:30 GMT), while the Shenzhen Component slipped 0.2%.
Hong Kong’s Hang Seng Index was up 0.6%.
Japan’s Nikkei 225 rose 0.4% as data showed a pickup in business sentiment for the first time in the past seven months. South Korea’s KOSPI was little changed at 2,060.28.
Down under, Australia’s ASX 200 traded 0.1% lower.
Overnight, Wall Street ended higher after the U.S. Commerce Department said it would temporarily lift restrictions on Chinese telecom giant Huawei. The move allows the company to purchase U.S.-made goods for at least 90 days.
Trade tension between the U.S. and China remains high despite the news, as Cui Tiankai, Chinese ambassador to the U.S., said in an interview with Fox News that Washington “changes its mind so often” in trade talks.
“If we review the process of trade talks between us over the last year or so, it is quite clear it is the U.S. side that, more than once, changed its mind overnight, and broke the tentative deal already reached,” said Cui, adding that the “door is still open” for further talks. Cui noted that China is in “no rush” to restart trade discussions with the U.S.
He also blamed U.S. sanctions on Huawei “are without any foundation and evidence” and are “politically motivated.”
Meanwhile, Chinese President Xi Jinping on Tuesday suggested in a domestic tour in the Jiangxi province that the trade war would not end in the near future.