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Asia mixed, Hong Kong stays in bear market

Asia markets were mixed on Tuesday as Hong Kong's Hang Seng index ended the trading day in bear territory for the second day.

In Japan, the Nikkei 225 galloped 291.6 points, or 1.3%, to 22,664.68. The Japanese yen weakened further against the U.S. dollar at 111.53

In Hong Kong, the Hang Seng dropped 190.87, or 0.7%, to 26,422.55, as the market remained in bear territory for the second day after dropping by more than 20% from its highs in January 2018.

The White House announced on Monday night that it was in the process of coordinating a second meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un.

Australian markets gained, as the financial sector rose by 0.9%, while the Australian dollar recovered from its earlier losses to trade higher by around 0.1% to 0.7121 U.S.

In other markets

In Shanghai, the CSI 300 fell 5.86 points, or 0.2%, to 3,224.21

In Singapore, the Straits Times STI index lost 11.01 points, or 0.4%, to 3,109.91

In Korea, the Kospi index faded 5.46 points, or 0.2%, to 2,283.02

In Taiwan, the Taiex index improved 26.5 points, or 0.3%, to 10,752.30

In New Zealand, the NZX 50 raced ahead 176.95 points, or 2%, to 9,225.57

In Australia, the ASX 200 popped 37.98 points, or 0.6%, to 6,179.68