Asia-Pacific Markets Show Mixed Responses

Following the announcement of China's economic performance, major stock markets in the Asia-Pacific region displayed mixed reactions during Tuesday's afternoon session. China's economy showed resilience with a 5.2% growth in GDP for the second quarter and a significant 6.8% annual increase in industrial production for the previous month.

Trade Tensions Loom Over the Region

Investors are also closely monitoring the evolving trade landscape, as some of Asia's largest economies, including Japan and South Korea, face potential 25% tariffs imposed by the United States, following the August 1 deadline set by President Donald Trump.

Market Movements Across the Region

Japan's Nikkei saw a modest increase of 0.2%, while Hong Kong's Hang Seng added 0.26%. Australia's S&P/ASX 200 gained 0.59%, and South Korea's Kospi remained flat. Conversely, the Shanghai Composite fell by 0.81%, and the Shenzhen Composite grew slightly by 0.14%.

The dollar remained stable against the yen, trading at ¥147.62850.