Asian markets closed higher on Tuesday, but continue to tread with caution amid uncertainty over US President Donald Trump’s recent policy moves and the approaching July 9 trade deadline.
Most of the markets in the region traded higher, except in Japan where Nikkei 225 witnessed profit-booking today after touching a 6-month high last week.
The fresh gains in Asian markets are seen in the context of overall bullish sentiment in the global market as Wall Street is touching new record highs from the previous two sessions.
But, the caution factor is also visible in the trading volume as US President Donald Trump has thrown some mixed signals around the July 9 tariff deadline and the rising uncertainty is weighing on the market sentiment.
Asian markets: Nikkei, and Hang Seng close in red
Japanese stocks closed lower on Tuesday, weighed down by declines in the Paper & Pulp, Transport, and Communication sectors.
The Nikkei 225 slipped 1.43% by the end of the trading session in Tokyo.
Among the top gainers, Tokyo Electric Power stood out with a sharp rise of 9.98%, adding 47.90 points to finish the day at ¥528.00.
Hong Kong’s Hang Seng index witnessed volatile trading on Tuesday as the index swung between green and red during the day.
At the time of closing, the Hang Seng index was at 24,072.28, 0.87% down from its previous closing.
Kospi maintains strength
In contrast, South Korea’s Kospi continued its upward movement which reflected a more positive market outlook, likely supported by favorable domestic economic policies and solid investor sentiment.
The index’s gains have been bolstered by strong performances in key sectors like electronics and automotive, which continue to benefit from robust demand and ongoing innovation.
At closing time, the Kospi index was trading 0.6% higher at 3,089.65.
China’s CSI 300 ended in green on Tuesday for the second consecutive session at it ended 3,942.76, a slight 0.17% higher than its previous close.
The markets in the broader Asia-Pacific region maintained the muted sentiment with Australia’s S&P/ASX 200 closing 0.014% below at 8,541.10.
Sensex, Nifty rebound to green
After a day of profit-booking, the Indian benchmark indices rebounded to green territory on Tuesday.
The Sensex edged up by 90.83 points (0.11%) to settle at 83,697.29, while the Nifty added 24.75 points (0.10%) to end at 25,541.80.
Market breadth was mixed, with 1,971 stocks advancing, 1,889 declining, and 150 remaining flat.
Sector-wise, FMCG, media, and power stocks saw losses ranging from 0.4% to 1.3%, whereas the PSU Bank index gained 0.7% and Consumer Durables rose 0.4%.
The broader BSE Midcap and Smallcap indices finished with slight declines.
Among the top performers on the Nifty were Apollo Hospitals, Bharat Electronics, Reliance Industries, SBI Life, and Asian Paints.
Notable laggards included Axis Bank, Nestle, Shriram Finance, Eternal, and Trent.
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