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Asia-Pacific markets traded mixed Tuesday as Wall Street gained overnight on hopes that U.S. President Donald Trump’s tariffs could be be softer than expected.
Hong Kong’s Hang Seng Index fell 2.10%, while the tech-heavy Hang Seng index plunged 3.37% (#108120665-post).
Meanwhile, mainland China’s CSI 300 lost 0.36%.
South Korea’s, Kospi index lost 0.37% in choppy while the small-cap Kosdaq declined 0.72%.
Over in Australia, the S&P/ASX 200 climbed 0.43%. The country’s budget will be tabled by Treasurer Jim Chalmers later in the day.
Japan’s benchmark Nikkei 225 gained 0.73%, while the broader Topix index increased 0.32%.
U.S. futures edged down marginally after the three key Wall Street indexes logged gains overnight.
The Dow Jones Industrial Average jumped 597.97 points, or 1.42%, to end at 42,583.32. The S&P 500 added 1.76% and closed at 5,767.57, while the tech-heavy Nasdaq Composite gained 2.27% to settle at 18,188.59.
Shares of Tesla, which have fallen for nine straight weeks, rose nearly 12%, adding to their Friday gains. Meta Platforms and Nvidia climbed more than 3%.
— CNBC’s Pia Singh, Brian Evans and Hakyung Kim contributed to this report.
