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Asia Mixed as Investors Assess MidEast Conflict

Asia-Pacific markets traded mixed in choppy trade on Tuesday, as investors assessed the Israel-Iran conflict after U.S. President Donald Trump urged “everyone” to immediately evacuate Tehran. The president subsequently left the Group of Seven summit a day earlier due to the Middle East crisis.

In Japan, the Nikkei 225 gained 225.41 points, or 0.6%, to 38,536.74, after the Bank of Japan expectedly stood pat on interest rates at 0.5%, as growth risks loom. The central bank also said it would slow the pace of government bond purchases starting next April.

In Hong Kong, the Hang Seng dropped 80.69 points, or 0.3%, to 23,980.30.

In other markets

In Shanghai, the CSI 300 shed 3.42 points, or 0.1%, to 3,870.38.

In Korea, the Kospi index eked up 3.64 points, or 0.1%, to 2,950.30.

In Taiwan, the Taiex index leaped 161.69 points, or 0.7%, to 22,211.59.

In Singapore, the Straits Times index recovered 22.18 points, or 0.6%, to 3,930.64

In New Zealand, the NZX 50 backtracked 50.78 points, or 0.4%, to 12,639.34.

In Australia, the ASX 200 lost 7.11 points, or 0.1%, to 8,541.27.