TOKYO -- Japanese chipmaking equipment manufacturer Tokyo Electron is on track to increase sales in the artificial intelligence sector next fiscal year to make up for the Chinese business slowdown.

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

Hang Seng tech stocks plunge as Tencent drops 10.41%, while China grapples with deflationary risks and US sanctions.

Tencent is the second largest shareholder ... would take appropriate action against excessive forex moves. Tokyo Electron (8035) advanced by 0.64%, with Sony Corp. (6758) rallying 3.13% ...