This is CNBC’s live blog covering Asia-Pacific markets.
Asia-Pacific markets traded mixed Tuesday as investors continued to assess global trade climate with U.S. President Donald Trump deferring 50% tariffs on European Union imports.
Japan’s benchmark Nikkei 225 fell 0.21% while the broader Topix index was flat.
In South Korea, the Kospi index declined 0.45%, reversing course from its three-month high in Monday’s session, while the small-cap Kosdaq was flat.
Mainland China’s CSI 300 index rose 0.1% while Hong Kong’s Hang Seng Index was up 0.2%.
China’s industrial profits rose 1.4% in April, compared to 0.8% the month before.
Over in Australia, the benchmark S&P/ASX 200 was flat.
U.S. markets were closed on Monday for the Memorial Day holiday.
U.S. futures jumped as investors welcomed Trump‘s postponement of tariffs on imports from the European Union.
Dow Jones Industrial Average futures added 407 points, or 1%. S&P 500 futures climbed 1.1%, while Nasdaq 100 futures popped 1.3%.
— CNBC’s Alex Harring contributed to this report.
Spot gold loses shine after U.S.-EU trade deal
Spot gold traded flat Tuesday as investors bet on a recovery in stocks and riskier assets following the U.S. extending its 50% tariff deadline on the European Union.
As at 8.41 a.m. Singapore time, the bullion trading at $3,343.91 per ounce.
The precious metal — which is a traditional hedge against political and financial instability — declined 0.7% on Monday following the announcement of the trade deal.
— Amala Balakrishner
