Asian markets settled mostly higher on Tuesday tracking Wall Street's overnight gains with anticipation of the US Federal Reserve rate cut on Wednesday. Moreover, positive comments from US President Donald Trump regarding trade talks between top US and Chinese officials in Europe also supported sentiments. Reports suggesting that Washington has reached a framework deal with China on TikTok's US operations. Seoul stocks rose sharply to set a new record high for the fifth consecutive session, driven by a rally in chip shares on US rate cuts hopes and expectations for the South Korean government's policy road map aimed at fostering advanced industries. Meanwhile, Chinese and Hong Kong shares traded almost flat on uncertainty over the future of US-China relations.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,861.87 | 1.37 | 0.04 |
| Hang Seng | 26,438.51 | -8.05 | -0.03 |
| Jakarta Composite | 7,957.70 | 20.58 | 0.26 |
| KLSE Composite | -- | -- | -- |
| Nikkei 225 | 44,902.27 | 134.15 | 0.30 |
| Straits Times | 4,337.74 | -0.68 | -0.02 |
| KOSPI Composite | 3,449.62 | 42.31 | 1.24 |
| Taiwan Weighted | 25,629.64 | 272.48 | 1.07 |
