A view of the city skyline of Lujiazui Shanghai Center in Pudong, Shanghai, China, on March 13, 2024.
Cfoto | Future Publishing | Getty Images
Asia-Pacific markets traded mixed Tuesday as investors assessed U.S. President Donald Trump’s tariff campaign.
Trump on Monday signed an order imposing 25% tariffs on imports of steel and aluminum into the U.S.
Australia’s S&P/ASX 200 closed flat at 8,484. South Korea’s Kospi rose 0.71% to close at 2,539.05, while the small-cap Kosdaq ended flat at 749.59.
Hong Kong’s Hang Seng Index slipped 0.87% in the last hour of trade, while mainland China’s CSI 300 dipped 0.46% to close at 3,883.14.
Japan markets were closed for a holiday.
Singapore’s benchmark Straits Times Index slipped 0.36% after it hit an all-time intraday high of 3,910.12 on Monday.
India’s benchmark Nifty 50 was down 1.47%, while the BSE Sensex index was 0.79% lower.
Overnight in the U.S., the three major averages closed higher as major tech names outperformed. The Dow Jones Industrial Average added 167.01 points, or 0.38%, led by a 4.8% gain in McDonald’s. The 30-stock index closed at 44,470.41. The S&P 500 gained 0.67% to end at 6,066.44, and the Nasdaq Composite climbed 0.98% to 19,714.27.
Federal Reserve Chair Jerome Powell is slated speak before Congress later in the day.
—CNBC’s Pia Singh and Brian Evans contributed to this report.
