Asian Markets Respond to US Tariff Delay and RBA Rate Cut

Major stock exchanges in the Asia-Pacific region experienced mostly gains on Tuesday. This positive movement comes after United States President Donald Trump announced a 90-day extension on the deadline for tariffs on China. In a related development, the Reserve Bank of Australia (RBA) reduced its interest rate by 0.25 percentage points, signaling a supportive monetary policy stance.

Market Performances Across the Region

In mainland China, the Shanghai Composite rose by 0.52%, while the Shenzhen Composite saw a 0.33% increase. Hong Kong's Hang Seng remained flat, contrasting with South Korea's Kospi Composite, which declined by 0.19%. Notably, Japan's Nikkei 225 soared by 2.44%, trading near its record high, and Australia's S&P/ASX 200 gained 0.28%. The dollar also showed strength, trading 0.11% above the yen.