Sunset view of Yarra river and Melbourne skyscrapers business office building with evening skyline in Victoria, Australia.
Prasit Photo | Moment | Getty Images
Asia-Pacific markets mostly rose Tuesday tracking Wall Street after U.S. President Donald Trump’s administration said that it would move to reduce the impact of auto tariffs, while investors also assessed company earnings.
Europe’s largest lender HSBC’s first-quarter results beat estimates on the back of robust performance of its wealth business as well as strength in its corporate and institutional banking segment.
Market watchers were also closely monitoring developments surrounding trade deal negotiations between the U.S. and countries in the region.
Mainland China’s CSI 300 index fell 0.13% while Hong Kong’s Hang Seng Index pared gains to 0.12%.
India’s benchmark Nifty 50 added 0.22% while the broader BSE Sensex was flat.
Over in South Korea, the Kospi index increased by 0.63% while the small-cap Kosdaq added 1.03%.
Australia’s benchmark S&P/ASX 200 advanced 0.96%.
Japanese markets were closed for a public holiday.
U.S. futures were little changed, after all three key benchmarks swung between gains and losses in Monday’s choppy session.
Overnight stateside, the S&P 500 inched slightly higher by 0.06% to close at 5,528.75. This is the broad-based index’s fifth straight winning day.
Meanwhile, the Nasdaq Composite ticked 0.1% lower and ended at 17,366.13, while the Dow Jones Industrial Average rose 114.09 points, or 0.28%, to settle at 40,227.59.
Four of the so-called “Magnificent Seven” companies — Amazon, Apple, Meta Platforms and Microsoft — came under pressure briefly during the session ahead of their quarterly reports. Apple and Meta Platforms ended the session modestly higher, each up about 0.4%. Microsoft slipped 0.2% while Amazon was off 0.7%.
— CNBC’s Sean Conlon and Pia Singh contributed to this report.
