Overlooking the city with Busan Tower in Yongdusan Park. Nampo-dong, Busan, South Korea.
Jungang Yan | Moment | Getty Images
Asia-Pacific markets traded mixed Tuesday as investors continued to assess the global trade climate after U.S. President Donald Trump deferred 50% tariffs on European Union imports.
Japan’s benchmark Nikkei 225 ended the day 0.51% higher at 37,724.11 while the broader Topix index rose 0.64% to 2,769.49.
In South Korea, the Kospi index fell 0.27% to close at 2,637.22, reversing course from its three-month high in Monday’s session, while the small-cap Kosdaq moved up 0.25% to 727.11 in choppy trade.
Mainland China’s CSI 300 index retreated 0.52% in its final hour of trade, while Hong Kong’s Hang Seng Index gained 0.39%, reversing course from earlier losses. China’s industrial profits rose 1.4% in April, compared to 0.8% the month before.
Meanwhile, India’s benchmark Nifty 50 declined 0.69% while the BSE Sensex dropped 0.22%.
Over in Australia, the S&P/ASX 200 advanced 0.56% to end the day at 8,407.6, signaling the benchmark’s third day in positive territory.
— CNBC’s Alex Harring contributed to this report.