Asian stocks were mixed Monday as China pledged it will stand the course of a trade war with the U.S. The yuan pared some of its gains following a rally triggered by a surprise China central bank move Friday, to make it more expensive to bet against the currency.

Equities in Hong Kong traded higher while Chinese shares declined, with the Shanghai Composite Index down more than 20 percent from January’s high and set to close at its lowest since February 2016. Japanese shares fell. Investors struggled to take the markets in either direction as they continued to parse the latest earnings results, including HSBC Holdings Plc. European futures crept higher. The yield on 10-year Treasuries steadied at 2.95 percent while the dollar showed a modest gain against most major peers.

China stepped in to try to cushion the yuan after a record string of weekly losses saw the currency closing in on the key milestone of 7 per dollar. After a weekend of claims by U.S. President Donald Trump that he has the upper hand in the trade war with China, Beijing responded through state media by saying the nation is ready to endure the economic fallout.

Elsewhere, the Australian dollar slipped as funds hedged against the possibility of the central bank cutting its long-term inflation forecasts this week. The Canadian dollar dropped as Saudi Arabia froze new trade and investments with the country.

Here are some key events coming up this week:

Earnings season includes results from: Japan Post Bank, Disney, 21st Century Fox, Deutsche Telekom, China Mobile, Glencore and Adidas.

Tuesday brings the latest Reserve Bank of Australia meeting that is likely to produce no change in either the record-low cash rate or the long-term guidance.

The Bank of Japan releases a summary of opinions Wednesday from its July 30-31 meeting, at which it tweaked elements of its stimulus policy to make it more sustainable.

Samsung Electronics unveils its next Galaxy Note smartphone.

Japan announces a preliminary reading of second-quarter gross domestic product. Economists expect a solid rebound from a first-quarter contraction.

U.S. consumer prices probably rose in July, consistent with a pickup in inflation that’s projected to keep the Federal Reserve on a path of gradual interest-rate increases, economists forecast before Friday’s release.

These are the main moves in markets:

Stocks

The Topix index fell 0.6 percent at the 3 p.m. close in Tokyo.

Hong Kong’s Hang Seng Index rose 0.6 percent.

The Shanghai Composite Index fell 0.9 percent.

Australia’s S&P/ASX 200 advanced 0.5 percent.

S&P 500 Index futures rose 0.1 percent. The S&P 500 rose 0.5 percent Friday.

Futures on the U.K.’s FTSE 100 index gained 0.2 percent.

Currencies

The yen fell 0.1 percent to 111.34 per dollar.

The offshore yuan fell 0.1 percent to 6.8502 per dollar after climbing 0.5 percent Friday.

The euro bought $1.1553, down 0.1 percent.

The Canadian dollar slid 0.1 percent to 1.3010 per dollar.

The Bloomberg Dollar Spot Index gained 0.1 percent.

Bonds

The yield on 10-year Treasuries was little changed at 2.95 percent.

Japan’s 10-year bond yield was little changed at 0.110 percent.

Commodities

West Texas Intermediate crude was at $68.71 a barrel, up 0.3 percent.

Gold lost 0.1 percent to $1,213.73 an ounce.

LME copper futures fell 0.9 percent to $6,150 a metric ton.

Source: Bloomberg