Shanghai Bund skyline panorama
Yangna | E+ | Getty Images
Asia-Pacific markets traded mixed Tuesday as investors assessed the record gains on Wall Street and the global impact of U.S. President Donald Trump’s tariff policies as his 90-day tariff reprieve is set to expire next week.
U.S. Treasury Secretary Scott Bessent said on Monday that there are “countries that are negotiating in good faith.” However, he added that tariffs could still “spring back” to the levels announced on April 2 “if we can’t get across the line because they are being recalcitrant.”
Mainland China’s CSI 300 added 0.17% to end the day at 3,942.76. The Asian giant’s Caixin/S&P Global manufacturing purchasing manager’s index reading for June came in at 50.4, higher than the 49 predicted by analysts polled by Reuters.
Japan’s Nikkei 225 benchmark fell 1.24% to end the day at 39,986.33 after hitting an over 11-month high in its previous session, while the broader Topix index declined by 0.73% to 2,832.07.
In South Korea, the Kospi index rose 0.58% to close at 3,089.65, while the small-cap Kosdaq added 0.28% to 783.67.
Over in Australia, the S&P/ASX 200 ended the day flat at 8,451.10.
Meanwhile, India’s benchmark Nifty 50 and BSE Sensex were flat as of 1 p.m. Indian Standard Time.
Hong Kong markets are closed for a public holiday.
— CNBC’s Sean Conlon and Pia Singh contributed to this report.
