China benchmark down 0.30%

Asian stocks ended mixed on Friday despite Wall Street's main indexes reaching new record highs overnight following the Federal Reserve's first interest-rate cut in nine months.

China's Shanghai Composite index ended down 0.30 percent at 3,820.09 after a choppy session ahead of a phone call between U.S. President Donald Trump and Chinese President Xi Jinping scheduled for later in the day to finalize terms of a deal over TikTok's U.S. operations.

Hong Kong's Hang Seng swung between gains and losses ended little changed at 26,545.10.

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