Asia-Pacific markets mostly rise even as impact of Trump tariffs on Wall Street’s earnings loom
Asia-Pacific markets mostly rose Tuesday as investors waited to see the extent of the impact of U.S. President Donald Trump’s tariffs on corporate earnings and economic data expected from Wall Street this week.
Market watchers were also closely monitoring developments surrounding trade deal negotiations between the U.S. and countries in the region.
Mainland China’s CSI 300 index fell 0.34% at the open while Hong Kong’s Hang Seng Index moved up 0.56%.
Over in South Korea, the Kospi index increased by 0.57% while the small-cap Kosdaq added 0.77%.
Australia’s benchmark S&P/ASX 200 advanced 0.58%.
Japanese markets were closed for a public holiday.
U.S. futures were little changed, after all three key benchmarks swung between gains and losses in Monday’s choppy session.
Overnight stateside, the S&P 500 inched slightly higher by 0.06% to close at 5,528.75. This is the broad-based index’s fifth straight winning day.
Meanwhile, the Nasdaq Composite ticked 0.1% lower and ended at 17,366.13, while the Dow Jones Industrial Average rose 114.09 points, or 0.28%, to settle at 40,227.59.
Four of the so-called “Magnificent Seven” companies Amazon, Apple, Meta Platforms and Microsoft came under pressure briefly during the session ahead of their quarterly reports. Apple and Meta Platforms ended the session modestly higher, each up about 0.4%. Microsoft slipped 0.2% while Amazon was off 0.7%.
Source: CNBC
