| Asian stocks ended mixed in muted trade on Tuesday, with Japanese markets closed for Showa Day holiday.
The White House has confirmed President Trump's plan to reduce tariffs on auto parts for cars made in America following intense lobbying by industrial leaders.
At the same time, U.S. Treasury Secretary Scott Bessent put the burden for trade progress squarely on China, increasing confusion about the status of talks between the two countries.
China vowed to stand firm and said that concession and retreat will only make the bully more aggressive.
The dollar was resilient against its rivals in Asian trading, sending gold prices lower toward $3,300 per ounce. Oil extended overnight losses on weaker demand outlook.
China's Shanghai Composite index finished marginally lower at 3,286.65 as officials pledged to stabilize capital markets without announcing fresh stimulus to counter the hefty U.S. tariffs.
Hong Kong's Hang Seng index edged up by 0.16 percent to 22,008.11 as tech stocks rallied on Alibaba's advanced Qwen 3 AI launch. |