Asian markets settled mostly higher on Tuesday after the US halted its planned tariffs on Canada and Mexico, easing fears of a global trade war. Hong Kong shares surged as investors focus on artificial intelligence and electric vehicle shares, while shrugging off news of tit-for-tat Sino-US tariffs on each other's goods. China has placed counter tariffs on US imports that will come into effect on February 10 after President Donald Trump placed 10% levies on Chinese goods. Market in mainland China remained shut for the Lunar New Year holidays.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | -- | -- | -- |
| Hang Seng | 20,789.96 | 572.70 | 2.75 |
| Jakarta Composite | 7,073.46 | 43.40 | 0.61 |
| KLSE Composite | 1,564.56 | 10.93 | 0.70 |
| Nikkei 225 | 38,798.37 | 278.28 | 0.72 |
| Straits Times | 3,823.01 | -3.46 | -0.09 |
| KOSPI Composite | 2,481.69 | 27.74 | 1.12 |
| Taiwan Weighted | 22,793.96 | 99.25 | 0.44 |
