Asia Pacific markets traded cautiously on Tuesday, following the previous day’s rally, as new doubts emerged overnight about the partial U.S.-China trade deal.
The Nikkei 225 jumped 409.34 points, or 1.2%, to end Tuesday at 21,798.87, after Japanese markets were closed Monday for a public holiday.
Elsewhere, the Japanese yen, which is seen as a safe-haven currency, changed hands at 108.37, weakening from an earlier high of 108.27.
In Hong Kong, the Hang Seng Index deleted 17.92 points, or 0.1%, to 26,503.93
Australian markets hovered between gains and losses, the heavily weighted financial sub-index reversed declines to trade up 0.3% while the energy sector fell 0.9% and materials was down 1%.
The Australian dollar traded at $0.6770, falling from an earlier level of $0.6788. The Reserve Bank of Australia’s October policy meeting minutes were released, where the central bank left the door open for further rate cuts to “reach full employment and achieve the inflation target” over time.
CHINA
The CSI 300 prospered 37.09 points, or 1%, to 3,911.73
Pork prices in China jumped around 69% on-year in September due to ongoing shortage of the meat following an outbreak of African swine fever. Overall, the consumer price index was said to have increased 3% on-year last month while the producer price index fell by 1.2%.
China wants another round of talks before signing what U.S. President Donald Trump last week called “a very substantial phase one deal” between the two countries.
In other markets
In Taiwan, the Taiex leaped 44.85 points, or 0.4%, to 11,111.80
In Korea, the Kospi nicked ahead 0.77 points to 2,068.17
In Singapore, the Straits Times Index lost 8.28 points, or 0.3%, to 3,116.17
In New Zealand, the NZX 50 advanced 18.74 points, or 0.2%, to 11,045.34
In Australia, the ASX 200 acquired 9.42 points, or 0.1%, to 6,652.01
