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Asia-Pacific markets traded mixed Tuesday as investors assessed U.S. President Donald Trump’s tariff threats.
Hong Kong’s Hang Seng Index fell 1.79%, while the Hang Seng Tech index plunged 2.91%.
Meanwhile, mainland China’s CSI 300 pared losses to trade flat.
South Korea’s Kospi index lost 0.60% in choppy trade while the small-cap Kosdaq declined 1.31%.
Over in Australia, the S&P/ASX 200 ended the day flat at 7,942.50. The country’s budget will be tabled by Treasurer Jim Chalmers later in the day.
Japan’s benchmark Nikkei 225 gained 0.54% in its final hour, while the broader Topix index increased 0.30%.
India’s benchmark Nifty 50 rose 0.23% while the broader BSE Sensex advanced 0.34%.
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.
