Asian markets advanced on Tuesday after United States President Donald Trump delayed tariffs on Mexican exports for a month, with Canada also confirming that proposed levies on its goods were put on hold.
Australia’s S&P/ASX 200 rose 0.7%, while South Korea’s Kospi gained 1.3%. Japan’s Nikkei 225 opened 1.6% higher.
Futures for Hong Kong’s Hang Seng Index stood at 20,495, suggesting a stronger open compared to Monday’s close of 20,217.3.
Overnight, U.S. stocks declined following Trump’s decision to delay the tariffs. The Dow Jones Industrial Average fell 122.8 points, or 0.3%, to close at 44,421.9, the S&P 500 slid 0.8% to 5,994.6, while the Nasdaq Composite dropped 1.2% to 19,392.
Among S&P 500 companies, the top three gainers were IDEXX Laboratories , which surged 11.1%, Molina Healthcare, which jumped 4.8%, and AbbVie, which rose 3.4%.
The biggest decliners included Moderna, which dropped 7.3%, Franklin Resources, which fell 6.8%, and FedEx, which lost 6.6%.
The U.S. dollar strengthened, while gold prices rose as investors sought safe-haven assets. Brent crude oil edged up 0.2% to US$75.79 per barrel, while gold gained 0.5% to $2,813.50 per ounce.
In Asia, Chinese shares remained closed for public holidays.
Indian shares also ended lower, with the BSE Sensex declining 0.4% to 77,186.7.
European markets also struggled. In the U.K., the FTSE 100 Index declined 1% to 8,583.6. Germany's DAX fell 1.4% to 21,428.2, and France's CAC 40 declined 1.2% to 7,854.9.
