Asian markets settled mostly higher on Tuesday despite Wall Street’s fall overnight. Seoul shares rose sharply, buoyed by gains in major chipmakers and automakers after US Commerce Secretary Howard Lutnick confirmed that the general tariff rate on imports from South Korea, which includes autos, would drop to 15% from 25%, effective November 1, under a bilateral trade and investment agreement. Japan’s Nikkei gained slightly, even as yields on 10-year government bonds in Japan climbed to the highest level in 17 years amid growing speculation that the Bank of Japan could raise interest rates as soon as this month. However, Chinese shares dropped as investors awaited readouts from the annual agenda-setting Central Economic Work Conference and the December Politburo meeting.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,897.71 | -16.30 | -0.42 |
| Hang Seng | 26,095.05 | 61.79 | 0.24 |
| Jakarta Composite | 8,617.04 | 68.25 | 0.79 |
| KLSE Composite | 1,630.60 | 6.03 | 0.37 |
| Nikkei 225 | 49,303.45 | 0.17 | 0.00 |
| Straits Times | 4,537.96 | 11.74 | 0.26 |
| KOSPI Composite | 3,994.93 | 74.56 | 1.90 |
| Taiwan Weighted | 27,564.27 | 221.74 | 0.81 |
