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Asia Mixed on Assessing Trump Tariff Plans

Asia-Pacific markets traded mixed Tuesday as investors continued to assess the global trade climate after U.S. President Donald Trump deferred
50% tariffs on European Union imports.

In Japan, the Nikkei 225 gained another 192.58 points, or 0.5%, to 37,724.11.

In Hong Kong, the Hang Seng recovered 99.66 points, or 0.4%, to 23,381.99.

Korean markets slid, reversing course from its three-month high in Monday’s session.

CHINA

In China, the CSI 300 lost 20.71 points, or 0.5%, to 3,839.40.

China’s industrial profits rose 1.4% in April, compared to 0.8% the month before.

In other markets

In Korea, the Kospi index dipped 7.18 points, or 0.3%, to 2,637.22

In Taiwan, the Taiex Index tumbled 200.03 points, or 0.9%, to 21,336.54.

In Singapore, the Straits Times index bounced 20.49 points, or 0.5%, to 3,896.09

In New Zealand, the NZX 50 revived 35.12 points, or 0.3%, to 12,582.34.

In Australia, the ASX 200 jumped 46.54 points, or 0.6%, to 8,407.56.