Asian shares are mixed after S&P 500 and Nasdaq composite pull back from their all-time highs

Chinese shares advanced after the government reported that exports rose last month as a truce in a tariffs war prompted a surge in orders ahead of an August 12 deadline for reaching a new trade deal with Washington.

Hong Kong's Hang Seng gained 0.5% to 24,253.18, while the Shanghai Composite index also was up 0.5%, at 3,526.75.

Tokyo's Nikkei 225 index slipped 0.3% to 39,459.20, while the Kospi in South Korea jumped 0.8% to 3,200.25.

Taiwan's benchmark lost 2.3%.