Shares in Asia were higher on Tuesday, as U.S. President Donald Trump concluded his state visit to Japan.
In Japan, the Nikkei 225 gained 77.56 points, or 0.4%, to 21,260.14. Shares of semiconductor equipment manufacturer Tokyo Electron jumped 2.7% following the announcement of a share buyback.
The Japanese yen traded at 109.50 against the U.S. dollar after weakening from levels around 109.3 in the previous session.
In Hong Kong, the Hang Seng recouped 102.82 points, or 0.4%, to 27,390.81, with shares of Chinese tech giant Tencent gaining 1.1%.
Trump ended his four-day state visit to Japan on Tuesday, a day after his news conference with Japanese Prime Minister Shinzo Abe, as the two countries seek to hash out a trade deal.
Trump said his goal was to remove trade barriers so as to give U.S. exports a fair footing in Japan, but he also described the U.S. trade imbalance with Japan as “unbelievably large” and expressed hopes to address that.
The Australian dollar changed hands at $0.6921 U.S. after touching an earlier low of $0.6914.
CHINA
In Shanghai, the CSI 300 index climbed 35.06 points, or 1%, to 3,672.26
The U.S. president’s visit to Japan comes amid a protracted trade war between Washington and Beijing, with China standing firm against the demands of the U.S. to change its state-run economy. Trump said Monday the U.S. is "not ready" to sign a deal with China yet.
China’s giant state-owned enterprises control strategic industries such as energy, telecommunications and defense. Since those companies benefit from favorable policies and subsidies, foreign companies complain of an unfair advantage.
The escalating trade dispute between the U.S. and China has focused on allegations of the coerced surrender of proprietary technology and the trampling of intellectual property rights.
In other markets
In Korea, the Kospi index recovered 4.62 points, or 0.2%, to 2,048.83
In Singapore, the Straits Times Index dropped 5.45 points, or 0.2%, to 3,165.32
In Taiwan, the Taiex Index retreated 21.82 points to 0.2%, to 10,312.31
In New Zealand, the NZX 50 fell 24.39 points, or 0.2%, to 10,123.32
In Australia, the ASK 200 regained 32.94 points, or 0.5%, to 6,484.84
