Asian markets were mixed Tuesday, as investors weighed the tariff truce between the U.S. and China and the potential for a trade deal.
In Japan, the Nikkei 225 gained 24.3 points, or 0.1%, to 21,754.27. The Japanese yen traded at 108.31 against the U.S. dollar following lows above 108.4 seen yesterday.
In Hong Kong, the Hang Seng index zoomed 332.94 points, or 1.2%, to 28,875.56
Over in Australia, markets gained fractionally as most sectors advanced, and as the Reserve Bank of Australia lowered interest rates to all-time lows.
The RBA announced earlier on Tuesday that it was cutting its cash rate by 25 basis points to a new all-time low of 1%, marking its second straight month of easing after it slashed rates in June.
Following the widely expected decision by the Australian central bank, the Australian dollar changed hands at $0.6986 U.S., still below levels above $0.700 seen yesterday.
CHINA
In Shanghai, the CSI 300 inched up 1.36 points to 3,937.17.
President Donald Trump said Monday that renewed talks have "already begun," according to some media outlets, and added that any deal "has to be better for us than for them."
But days after the trade-war timeout was announced, details were still scarce, with no announcement of high-level negotiations and the looming possibility that new tariffs could still be imposed if talks are not successful.
In other markets
In Korea, the Kospi index lost 7.72 points, or 0.4%, to 2,122.02
In Singapore, the Straits Times Index dipped 1.46 points to 3,370.80
In Taiwan, the Taiex Index slid 30.34 points, or 0.3%, to 10,865.12
In New Zealand, the NZX 50 gained 67.41 points, or 0.6%, to 10,531.94
In Australia, the ASX 200 poked ahead 5.11 points, or 0.1%, to 6,653.21
