Updates

** Shares of some U.S. retailers reverse course at noon after U.S. President Donald Trump and Vietnam's leader To Lam agree to discuss deal to remove tariffs

** Vietnam serves as a major manufacturing base for many Western retail and apparel companies

** Shares of home improvement retailers Home Depot HD.N, Lowe's LOW.N and online furniture retailer Wayfair W.N up between 1% and ~3%

** Shares of apparel companies Abercrombie & Fitch ANF.N, Gap GAP.N, American Eagle AEO.N and G-III GIII.O rise between 1% and 8%

** Shares of big box retailer Target TGT.N, department store Kohl's KSS.N, Macy's M.N and Dollar Tree DLTR.N now up 0.2% to 3%

** Many of these stocks fell earlier in the day as China retaliated with additional tariffs on U.S. imports

** On the other hand, shares of Walmart WMT.N, electronics retailer Best Buy BBY.N, and toymakers Mattel MAT.N and Hasbro HAS.O down 1%-3%

** S&P 500 index .SPX down 4.5%, while S&P 500 Consumer Staples index .SPLRCS down 2.8%, and S&P 500 Consumer Discretionary index .SPLRCD down 2.8%

(Reporting by Juveria Tabassum and Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com))