Asian stocks were mixed on Wednesday after U.S. President Donald Trump's latest comments on tariffs raised uncertainty in Chinese markets. U.S. futures edged higher and oil prices declined. Investors in Asia were relieved on Monday after Trump decided not to immediately impose significant tariffs on China.

On Monday, Hong Kong-listed growth stocks had a strong day, as the Hang Seng Index gained +1.75% and the Hang Seng Tech Index gained +2.59% following U.S. President Donald Trump and China President Xi Jinping’s Friday phone call that took place after Asia markets closed and before the U.S. markets opened.

Donald Trump threatened 25% tariffs on Mexico and Canada on his very first day in office, and suggested duties on China might depend on whether Beijing sells a stake in TikTok. Russ Mould of AJ Bell told Reuters equity markets are hoping that's just a bargaining position - and trade partners will be able to strike a deal with Trump.