Asian markets settled mostly higher on Tuesday, tracking Wall Street gains overnight amid solid first-quarter earnings reports and looming expectations that the US Federal Reserve will start cutting interest rates later this year. South Korea's Kospi rose as trading resumed after a long holiday weekend. Japanese markets marking a three-week closing high as the yen continued to weaken in spite of warnings from authorities that they would act in the event of volatility. Data showed Japanese service sector activity grew at the fastest pace in eight months in April. Meanwhile, China recorded high tourism figures during the Labour Day holiday, beating pre-pandemic levels and contributing major growth to consumption.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,147.74 | 7.02 | 0.22 |
| Hang Seng | 18,479.37 | -98.93 | -0.54 |
| Jakarta Composite | 7,123.61 | -12.28 | -0.17 |
| KLSE Composite | 1,605.68 | 8.29 | 0.52 |
| Nikkei 225 | 38,835.10 | 599.03 | 1.54 |
| Straits Times | 3,300.04 | -3.15 | -0.10 |
| KOSPI Composite | 2,734.36 | 57.73 | 2.11 |
| Taiwan Weighted | 20,653.53 | 130.22 | 0.63 |
