Market Reactions Across Asia-Pacific

After a significant rally on Wall Street, spurred by the latest US-China trade agreement, markets in the Asia-Pacific region presented a mixed bag of results this Tuesday afternoon. The deal, which includes a 90-day tariff pause and a reduction of Chinese goods tariffs from 145% to 30%, has stirred varied responses across the board.

Highlights from Key Markets

Japan's Nikkei 225 saw an impressive jump of 1.78% at 7:08 am CET, showcasing positive momentum. Conversely, Hong Kong's Hang Seng experienced a dip, falling by 1.44% shortly after. South Korea's Kospi Composite and Australia's S&P/ASX 200 showed minor fluctuations, with the former down by 0.12% and the latter up by 0.38% at the same time.

Mainland China and Currency Movements

In mainland China, the Shanghai Composite edged up by 0.16%, while the Shenzhen Composite slightly decreased by 0.23%. On the currency front, the dollar weakened against the yen, losing 0.48% to trade at ¥147.75600.