Stocks in Asia Pacific were higher on Tuesday following a turbulent session as White House advisor Peter Navarro clarified that the U.S.-China trade deal is not over.
In Tokyo, the Nikkei 225 regained 111.78 points, or 0.5%, to 22,549.05. The Japanese yen traded at 107.06 per U.S. dollar after touching an earlier high of 106.72 against the greenback.
The Hang Seng index in Hong Kong leaped 396 points, or 1.6%, to 24,907.34.
Shares of Chinese tech giant Tencent soared to a new record, according to data from Refinitiv Eikon. It rose as high as 498.60 Hong Kong dollars per share before finishing the trading day 4.9% higher.
Meanwhile, concerns around the coronavirus situation stateside also likely lingered. Texas Gov. Greg Abbott warned Monday that “additional measures are going to be necessary” if coronavirus cases and hospitalizations continued spiking. That came as the states of Nevada, Florida, California and Arizona recently reported record-high single-day infections.
The Australian dollar changed hands at $0.692 following an earlier low of $0.6857.
CHINA
In Shanghai, the CSI 300 gained 19.74 points, or 0.5%, to 4,121.79.
The moves regionally came after Navarro told NBC News that his earlier comments during a Fox News interview “had nothing to do with the trade deal at all.”
In a statement to CNBC following the interview, Navarro said his comments were "taken wildly out of context."
"I was simply speaking to the lack of trust we now have of the Chinese Communist Party after they lied about the origins of the China virus and foisted a pandemic upon the world," Navarro said.
In other markets
In Korea, the Kospi gained back 4.51 points, or 0.2%, to 2,131.24
In Taiwan, the Taiex index tallied 39.43 points, or 0.3%, to 11,612.36
In Singapore, the Straits Times Index recovered 5.23 points, or 0.2%, to 2,634.92
In New Zealand, the NZX 50 ditched 25.88 points, or 0.2%, to 11,132.58
In Australia, the ASX 200 inched up 9.86 points, or 0.2%, to 5,954.41.
