Asia-Pacific markets traded mixed on Tuesday following a trade deal between the US and China, which includes a 90-day pause on tariffs and a reduction in reciprocal tariffs by 115 percentage points. Hong Kong stocks dropped significantly, with the Hang Seng Index falling 1.68 per cent and the Hang Seng Tech Index plunging 3.06 per cent, reversing the previous session's gains. In contrast, mainland China's CSI 300 index rose by 0.16 per cent. Indian markets opened lower with the Nifty 50 down 0.85 per cent and the BSE Sensex losing 0.86 per cent. This comes after significant gains in the previous session, the best one-day gain since February 2021, driven by optimism over the India—Pakistan ceasefire. In Japan, the Nikkei 225 closed the day at 38,183.26, up 1.43 per cent, marking its fourth consecutive positive session. The Topix index also rose by 1.10 per cent to 2,772.14, extending its winning streak to 13 days. South Korea's Kospi closed at 2,608.42, and the Kosdaq edged by 0.89 per cent to 731.88. In Australia, the S&P/ASX 200 increased by 0.43 per cent to close at 8,269. Attribution: CNBC Subediting: M. S. Salama
