Asia-Pacific Markets Trade Mostly Higher as Investors Assess Trump Tariffs
Asia-Pacific markets traded mostly higher Tuesday, tracking gains on Wall Street that appeared to look past 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 traded 0.18% higher. South Korea’s Kospi rose 0.66%, while the small-cap Kosdaq climbed 0.41%.
Hong Kong’s Hang Seng Index rose 0.11% at the open, while the mainland China’s CSI 300 slipped 0.17%.
Japan markets were closed for a holiday.
Investors will also be keeping an eye on Singapore markets after the benchmark Straits Times Index hit an all-time intraday high of 3,910.12 on Monday.
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 also slated speak before Congress later in the day.
Source : CNBC
