06:45 AM EDT, 08/08/2025 (MT Newswires) -- Asian stock markets turned in a choppy performance Friday, as traders weighed Japan-US trade negotiations and awaited weekend inflation bulletins from Beijing.

Hong Kong and Shanghai fell back, while Tokyo finished solidly in the green. Other regional exchanges were also mixed.

In Japan, the Nikkei 225 finished up 1.9%, as local markets also viewed strong quarterly results from the tech financier SoftBank.

The Trump Administration has agreed to remove overlapping tariffs on most Japanese goods, Ryosei Akazawa, Japan's chief negotiator, said Thursday, as reported by The Japan Times.

The benchmark Nikkei 225 rose 761.33 to 41,820.48, as gaining issues outnumbered losers 178 to 46.

Leading the upside was SoftBank, up 10.4%, while Chugai Pharmaceuticals declined 17.7%.

In economic news, household spending in Japan rose a real 1.3% on the year in June, slowing from the 4.7% increase logged in May, reported the Statistics Bureau of Japan.

In Hong Kong, the Hang Seng Index opened lower and declined thereafter, closing off 0.9% as investors took to the sidelines ahead of weekend inflation reports from China, which may provide clues to the state of the mainland economy.

The broad gauge Hang Seng fell 222.81 to 24,858.82, as losing issues outnumbered gainers 49 to 33. The Hang Seng TECH Index lost 1.6% on the day, while the Mainland Properties Index fell 0.2%.

Leading the upside was CSPC Pharmaceutical, up 6%, while Semiconductor Manufacturing International declined 8.2%.

On the mainland, the Shanghai Composite fell 0.1% to 3,639.13.

On the other regional exchanges, the S. Korean KOSPI fell 0.6%; the Taiwan TWSE rose 0.1%; the Australian ASX 200 declined 0.3%; the Singapore Straits Times Index fell 0.4%, and the Thai Set declined 0.5%. In late trading in Mumbai, the Sensex was down 1%.