Asia-Pacific markets traded mixed Tuesday as investors awaited further details on the U.S.-China trade talks, which were slated to continue for a second day.
In Japan, the Nikkei 225 gained 122.94 points, or 0.3%, to 38,211.51.
In Hong Kong, the Hang Seng lost 18.56 points, or 0.1%, to 24,162.87.
Officials from both countries held trade talks in London on Monday, with U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer meeting with their Chinese counterparts led by Beijing’s Vice Premier He Lifeng.
He identified investment opportunities in domestic-oriented sectors such as utilities, real estate and financials, which are typically less sensitive to trade-related shocks. Pockets of opportunities can also be found in software and internet companies, Floro added in a Tuesday note.
Markets in South Korea rose for a fifth consecutive day, while Australian markets hit a record high.
In other markets
In Shanghai, the CSI 300 dipped 19.78 points, or 0.5%, to 3,865.47.
In Taiwan, the Taiex index steamed ahead 451.85 points, or 2.1%, to 21,242.14.
In Korea, the Kospi index gained 16.08 points, or 0.6%, to 2,871.85
In Singapore, the Straits Times index faded 2.52 points, or 0.1%, to 3,933.80
In New Zealand, the NZX 50 gained 25.15 points, or 0.2%, to 12,564.42.
In Australia, the ASX 200 took on 71.46 points, or 0.8%, to 8,587.20.
