06:36 AM EDT, 10/28/2025 (MT Newswires) -- Asian stock markets eased back on Tuesday from recent bull moves as traders booked profits and awaited clarity on China-US trade relations.

Chinese President Xi Jinping and US President Donald Trump are slated to meet at the Asia-Pacific Economic Cooperation summit in South Korea on Thursday, possibly to settle on a trade deal.

Hong Kong, Shanghai, and Tokyo finished moderately in the red, as did most other regional exchanges.

In Japan, the Nikkei 225 finished off 0.6% as traders mulled values in a market trading near an all-time high.

The benchmark Nikkei 225 fell 293.14 to 50,219.18, as losing issues outnumbered gainers 196 to 26. A stronger yen pressured export issues.

Leading the upside was game maker DeNA, up 6.7%, while Nidec declined by 19.4% after the Tokyo Stock Exchange issued a "special alert" giving the motor maker one year to improve its accounting practices, or face delisting. Nidec has established an independent committee to investigate accounting at a Chinese subsidiary.

In Hong Kong, the Hang Seng Index closed down 0.3% as investors monitored Beijing-Washington trade news.

The broad gauge Hang Seng fell 87.56 to 26,346.14, as losing issues outnumbered gainers 57 to 30. The Hang Seng TECH Index lost 1.3% on the day, while the Mainland Properties Index fell 0.5%.

Leading the upside was bank HSBC, gaining 4.4% after reporting earnings, while Zijin Mining declined 5.6%.

On the mainland, the Shanghai Composite fell 0.2% to 3,988.22.

On the other regional exchanges, the South Korean KOSPI fell 0.8% from Monday's record high; the Taiwan TWSE declined 0.2% from the all-time apex of the previous session; the Australian ASX 200 declined 0.5%; the Singapore Straits Times Index rose 0.2%, and the Thai Set declined 0.7%. In late trading in Mumbai, the Sensex was down 0.2%.

In economic news, South Korea's real gross domestic product (GDP) expanded by 1.2% in the third quarter and grew by 1.7% on the year, reported the Bank of Korea.