Asian Shares Mixed In Cautious Trade

RTTNews | 119 dagar sedan
Asian Shares Mixed In Cautious Trade

(RTTNews) - Asian stocks ended mixed on Tuesday as investors watched the latest headlines on the tariff front.

U.S. President Donald Trump indicated a potential temporary exemption for the auto industry from tariffs, especially for counties like Mexico and Canada, but at the same time there were reports that the U.S. was kicking off investigations into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs.

The dollar index inched down in Asian trade and hovered near its three-year low reached last week. Gold held near record levels while oil edged up, with U.S. and Iran negotiations in focus.

China's Shanghai Composite index edged up by 0.15 percent to 3,267.66 after a volatile session. Hong Kong's Hang Seng index ended up 0.23 percent at 21,466.27.

Japanese markets rose notably after Trump said he is exploring a pause in auto tariffs. The Nikkei average jumped 0.84 percent to 34,267.54 while the broader Topix index settled 1 percent higher at 2,513.35. Honda and Toyota Motor both surged around 4 percent.

South Korea's Kospi average climbed 0.88 percent to 2,477.41, extending gains for a second day ahead of the Bank of Korea's interest-rate decision due on Thursday. Chip and automotive shares led the overall gains.

Australian markets edged up slightly to end higher for a second straight session as the latest RBA policy meeting minutes supported the view for a May rate cut amid global economic uncertainty.

The benchmark S&P/ASX 200 rose by 0.17 percent to 7,761.70, with financials and material stocks pacing the gainers. The broader All Ordinaries index ended up 0.13 percent at 7,969.90.

CSL surged 2.6 percent after Morgan Stanley tipped it to be well-positioned to ride out the rocky seas of shifting U.S. trade policy.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index fell 0.79 percent to 12,011.34 as data showed food inflation in the country accelerated to a 14-month high in March.

U.S. stocks rose in a choppy session overnight as tech shares surged following a surprise U.S. tariff exemption of smartphones and computers, as well as other devices and components such as semiconductors, from President Trump's new "reciprocal" tariffs.

The Dow and the S&P 500 both climbed around 0.8 percent while the tech-heavy Nasdaq Composite added 0.6 percent.

read more
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK unemployment data. The jobless rate is forecast to remain unchanged at 4.7 percent in the second quarter. At 3.00 am ET, retail sales figures are due from Turkey.
RTTNews | 4h 5minuter sedan
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.
RTTNews | 5h 42minuter sedan
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.
RTTNews | 6h 20minuter sedan