Stocks in Asia traded mixed on Tuesday afternoon, as minutes from a recent meeting by the Reserve Bank of Australia showed the central bank’s willingness to move on monetary policy if necessary. In China, the Shanghai composite slipped 0.11% by the afternoon, while the Shenzhen component shed 0.18%. The Shenzhen composite was largely flat. Hong Kong’s Hang Seng index advanced 0.13%. Shares of Chinese tech heavyweight Xiaomi slipped 0.64%. The firm took a 6% stake in chip designer VeriSilicon Holdings, with the move coming amid Beijing’s push for China to become more reliant in sectors such as chips. Xiaomi is set to announce quarterly earnings results in the second half of August.
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