Asian stocks ended mixed on Tuesday as U.S.-China tensions and jitters around the yuan offset growing optimism around chip stocks.

Tech stocks led the morning losses, with the Hang Seng Tech Index sliding by 2.00%. The Major tech players Tencent (0700) tumbled 6.99%, while Alibaba (9988) and Baidu (9888) posted losses of 1.40% and 1.05%, respectively.