Asia-Pacific markets had a mixed trading day on Tuesday as investors evaluated the global trade situation following US President Donald Trump's decision to delay 50 per cent tariffs on European Union imports. Japan's Nikkei 225 closed the day 0.51 per cent higher at 37,724.11, and the Topix index also increased by 0.64 per cent to 2,769.49. In South Korea, the Kospi index fell by 0.27 per cent to end at 2,637.22, reversing its upward trend from the previous session, where it reached a three-month high. Meanwhile, the small-cap Kosdaq rose by 0.25 per cent to 727.11 in volatile trading. China's CSI 300 index fell by 0.52 per cent in the last hour of trading, while Hong Kong's Hang Seng Index reversed losses to gain 0.39 per cent. Industrial profits in China increased by 1.4 per cent in April, up from 0.8 per cent in the previous month. In the meantime, the Nifty 50 index in India fell by 0.69 per cent, and the BSE Sensex decreased by 0.22 per cent. In Australia, the S&P/ASX 200 index rose by 0.56 per cent to close at 8,407.6, marking the third consecutive day of gains for the benchmark index. Attribution: CNBC Subediting: M. S. Salama
