Asia-Pacific markets mostly climbed Tuesday, recovering from a sharp sell-off in the previous session as investors awaited clarity on U.S. President Donald Trump’s tariff rollout.
Australia’s S&P/ASX 200 rose 1.04% to end the day at 7,925.20, after the Reserve Bank of Australia held interest rates at 4.1%, in line with expectations, as the country heads to the polls on May 3.
Japan’s benchmark Nikkei 225 pared earlier gains to end the day flat at 35,624.48, while the broader Topix index was closed up 0.11% at 2,661.73.
Over in South Korea, the Kospi index advanced 1.62% to end the day at 2,521.39 while the small-cap Kosdaq surged 2.76% to 691.45.
Mainland China’s CSI 300 pared earlier gains to end the day flat at 3,887.68, while Hong Kong’s Hang Seng Index increased 0.38% to close at 23,206.84.
China’s Caixin PMI for March came in at 51.2, compared to the 51.1 reading penciled by economists in Reuters’ poll, and slightly higher than the 50.8 reading in the previous month.
India’s benchmark Nifty 50 fell 1.54% while the broader BSE Sensex dropped 1.84% as at 1.45 p.m. local time.
U.S. futures slipped as investors awaited clarity on Trump’s upcoming tariff plans.
Overnight, two of the three key benchmark indexes on Wall Street ended the session in positive territory.
The S&P 500 clawed back earlier losses on to end the session higher. The broad market index added 0.55% to close at 5,611.85. At one point, it fell as much as 1.65% and traded 10% below its record.
The Nasdaq Composite fell 0.14% and closed at 17,299.29. The Dow Jones Industrial Average advanced 417.86 points, or 1%, to settle at 42,001.76.
