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Japan Markets at Record High on Trade Truce

Japan Markets at Record High on Trade Truce

Asia-Pacific markets mostly rose Tuesday, with Japan’s Nikkei 225 hitting a record high as investors assessed the U.S.-China trade truce extension overnight that has allowed the world’s largest economies more room to negotiate a deal.

In Japan, the Nikkei returned from a long weekend to rise 897.69 points, or 2.2%, to 42,718.17.

In Hong Kong, the Hang Seng attached 62.83 points, or 0.3%, to 24,969.68.

SoftBank Group shares rallied for the fifth consecutive session, leading gains in the Nikkei.

Singapore’s trade ministry upgrades its 2025 growth forecast for the republic to 1.5% -2.5%, from 0% -2% previously.

Australia’s S&P/ASX 200 hit a fresh record high ahead of the central bank’s decision

In other markets

In Shanghai, the CSI 300 gained 21.32 points, or 0.5%, to 4,143.87

In Korea, the Kospi index lost 16.86 points, or 0.5%, to 3,189.91

In Singapore, the Straits Times index dipped 12.06 points, or 0.3%, to 4,220.72.

In Taiwan, the Taiex index poked ahead 22.86 points, or 0.1%, to 24,158.36.

In New Zealand, the NZX 50 deleted 152.19 points, or 1.2%, to 12,759.68

In Australia, the ASX 200 added 36.03 points, or 0.4%, to 8,880.80