Asia-Pacific markets traded mixed Tuesday tracking Wall Street after U.S. President Donald Trump’s administration said that it would move to reduce the impact of auto tariffs, while investors also assessed company earnings.
Markets in Japan were closed for holiday.
In Hong Kong, the Hang Seng Index regained 36.15 points, or 0.2%, to 22,008.11.
Europe’s largest lender HSBC’s first-quarter results beat estimates on the back of robust performance of its wealth business as well as strength in its corporate and institutional banking segment.
Market watchers were also closely monitoring developments surrounding trade deal negotiations between the U.S. and countries in the region.
In other markets
The CSI 300 in mainland China let go of 6.54 points, or 0.2%, to 3,775.08.
In Singapore, the Straits Times Index fell 6.62 points, or 0.2%, to 3,805.18
In Korea, the Kospi poked ahead 16.56 points, or 0.7%, to 2,565.42
In Taiwan, the Taiex leaped 198.22 points, or 1%, to 20,232.63
In New Zealand, the NZX 50 dropped 73.43 points, or 0.6%, to 12,025.45.
In Australia, the ASX 200 picked up 73.54 points, or 0.9%, to 8,070.59.
