Asia-Pacific markets rose Tuesday after Donald Trump paused tariffs on Mexico for a month, while Canada also said the U.S. president had put on hold proposed tariffs on its exports.
In Japan, the Nikkei 225 regained 278.28 points, or 0.7%, to 38,798.37
In Hong Kong, the Hang Seng index recovered 572.70 points, or 2.8%, to 20,789.96.
China slapped tariffs on U.S. imports, in retaliation to the U.S. duties on its exports. China levied tariffs of up to 15% on U.S. imports of coal and liquefied natural gas and 10% higher duties on crude oil, farm equipment and selected cars from the U.S.
This move comes just as Trump’s additional 10% tariff across all Chinese imports into the U.S. came into effect at 12:01 a.m. ET on Tuesday.
CHINA
Chinese markets remain closed for the Lunar New Year holiday.
In other markets
In Singapore, the Straits Times index subsided 3.46 points, or 0.1%, to 3,823.01
In Korea, the Kospi index bounced 27.74 points, or 1.1%, to 2,481.69.
In New Zealand, the NZX 50 revived 94.73 points, or 0.7%, to 12,905.04
In Australia, the ASX 200 lost 5.38 points, or 0.1%, to 8,373.98
