Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise.
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Asia-Pacific markets traded mixed Tuesday as investors awaited further details on the U.S.-China trade talks, which were slated to continue for a second day.
Officials from both countries held trade talks in London on Monday, with U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer meeting with their Chinese counterparts led by Beijing’s Vice Premier He Lifeng.
Christian Floro, market strategist at Principal Asset Management, foresees that the “market backdrop will remain uncertain in the period ahead,” in light of the “fluid nature of trade policy.”
Urging investors to prepare for continued market volatility, Floro noted that now is an opportune time to look at “previously overlooked value-oriented stocks and international equities.”
He identified investment opportunities in domestic-oriented sectors such as utilities, real estate and financials, which are typically less sensitive to trade-related shocks. Pockets of opportunities can also be found in software and internet companies, Floro added in a Tuesday note.
Japan’s benchmark Nikkei 225 pared earlier gains to end the day 0.32% higher at 38.211.51, while the broader Topix index was flat at 2,786.24.
South Korean markets rose for the fifth consecutive session. The Kospi index advanced 0.56% to end the day at 2,871.85, while the small-cap Kosdaq added 0.91% to 771.20.
Mainland China’s CSI 300 index closed 0.51% lower at 3,865.47 while Hong Kong’s Hang Seng Index was flat at 24,162.87.
Meanwhile, India’s benchmark Nifty 50 moved up 0.15% while the BSE Sensex index was flat as of 1.40 p.m. Indian Standard Time.
Over in Australia, the S&P/ASX 200 benchmark advanced 0.84% to end the day at a record high of 8,587.20.
U.S. stock futures fell in late Asian hours, after President Donald Trump said that the talks with China were going well and he was “only getting good reports,” according to Reuters.
Overnight stateside, moves on all three key benchmarks on Wall Street were muted. The broad-based S&P 500 inched up 0.09% and notched a second winning session, closing at 6,005.88. The Nasdaq Composite climbed 0.31% to end at 19,591.24. The Dow Jones Industrial Average ticked down 1.11 points and closed at 42,761.76.
— CNBC’s Pia Singh and Jesse Pound contributed to this report.
