{"id":39669,"date":"2025-05-13T11:34:59","date_gmt":"2025-05-13T11:34:59","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/13\/asian-markets-mixed-on-tuesday-hang-seng-slips-2-nikkei-rallies-1-4\/"},"modified":"2025-05-13T11:34:59","modified_gmt":"2025-05-13T11:34:59","slug":"asian-markets-mixed-on-tuesday-hang-seng-slips-2-nikkei-rallies-1-4","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/13\/asian-markets-mixed-on-tuesday-hang-seng-slips-2-nikkei-rallies-1-4\/","title":{"rendered":"Asian markets mixed on Tuesday: Hang Seng slips 2%, Nikkei rallies 1.4%"},"content":{"rendered":"
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Asian equities ended mixed on Tuesday, as the initial optimism surrounding the weekend\u2019s US-China trade agreement gave way to caution. <\/p>\n

Investors scaled back expectations of aggressive interest rate cuts by the Federal Reserve and questioned the durability of the 90-day tariff truce.<\/p>\n

Ratings agency Fitch noted that the US effective tariff rate has now eased to 13.1% from 22.8% after the deal, but remains far above the 2.3% level seen at the end of 2024 and still at levels last witnessed during World War II.<\/p>\n

China, Hong Kong stocks on Tuesday<\/h2>\n

China’s Shanghai Composite Index managed to eke out a modest gain, ending 0.17% higher at 3,374.87. <\/p>\n

The move came despite a sharp drop in defense-related stocks after a ceasefire was announced between India and Pakistan. <\/p>\n

Meanwhile, Chinese President Xi Jinping warned against “bullying or hegemonism” in remarks made to Latin American and Caribbean leaders, seen by analysts as a veiled rebuke of US policy.<\/p>\n

In Hong Kong, markets gave back a large chunk of Monday\u2019s rally. <\/p>\n

The Hang Seng Index dropped 1.9% to 23,108.27, while the Hang Seng Tech Index slumped 3.3%. <\/p>\n

Traders took profits after Monday\u2019s 3% surge, as caution returned over the longer-term outlook for global trade.<\/p>\n

Export-driven stocks led the decline. Sunny Optical plunged 7.6%, BYD Electronic slid 7.1%, and JD.com dropped 2.1% ahead of its earnings release. <\/p>\n

Japanese stocks continue to rally<\/h2>\n

Japanese stocks outperformed, with the Nikkei rallying 1.43% to 38,183.26, marking a three-month high. <\/p>\n

A weaker yen boosted sentiment for exporters. <\/p>\n

The broader Topix climbed 1.10% to 2,772.14, extending its winning streak to 13 sessions\u2014its longest run since 2008. <\/p>\n

Tokyo Electron surged nearly 5%, while Sony and Nissan gained 1.7% and 3%, respectively.<\/p>\n

Other regional markets<\/h2>\n

South Korea\u2019s Kospi ended flat at 2,608.42 after a volatile session. <\/p>\n

Gains in battery majors like Samsung SDI and LG Energy Solution helped offset broader weakness.<\/p>\n

Australia\u2019s S&P\/ASX 200 rose 0.43% to 8,269, hitting an 11-week high as investors priced in the possibility of a rate cut by the Reserve Bank of Australia. Tech and energy stocks led the gains.<\/p>\n

Indian benchmark indices closed lower on May 13, with the Nifty slipping below the 24,600 mark amid broad-based selling pressure in heavyweight sectors.<\/p>\n

The Sensex declined 1,281.68 points, or 1.55 percent, to end at 81,148.22, while the Nifty shed 346.35 points, or 1.39 percent, to settle at 24,578.35. <\/p>\n

Among Nifty constituents, top losers included Power Grid Corporation, Infosys, Eternal, TCS, and HCL Technologies. <\/p>\n

Wall Street on Monday<\/h2>\n

US stocks soared on Monday, erasing last week’s modest losses and registering their strongest gains in over two months. <\/p>\n

The Nasdaq jumped 4.4% to 18,708.34, the S&P 500 rallied 3.3% to 5,844.19, and the Dow climbed 2.8% to 42,420.10.<\/p>\n

The sharp rally followed news that Washington and Beijing had agreed to drastically cut tariffs on each other\u2019s goods. <\/p>\n

Investors welcomed the breakthrough, though some analysts cautioned that structural issues remain unresolved and further volatility is likely.<\/p>\n

The post Asian markets mixed on Tuesday: Hang Seng slips 2%, Nikkei rallies 1.4%<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Asian equities ended mixed on Tuesday, as the initial optimism surrounding the weekend\u2019s US-China trade agreement gave way to caution. Investors scaled back expectations of aggressive interest rate cuts by the Federal Reserve and questioned the durability of the 90-day tariff truce. Ratings agency Fitch noted that the US effective tariff rate has now eased <\/p>\n","protected":false},"author":1,"featured_media":39670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-39669","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/39669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=39669"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/39669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/39670"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=39669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=39669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=39669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}