Asian markets closed mixed on Tuesday as technology heavyweights tracked overnight declines in their US peers amid concerns over spiking US Treasury yields. Besides, Japanese shares declined despite faster-than-expected Q1 economic growth. Japan's gross domestic product expanded a seasonally adjusted 0.5% on quarter in the first quarter of 2026. That beat expectations for a gain of 0.4% and was up from the downwardly revised 0.2% increase in the three months prior (originally 0.3%). However, Chinese and Hong Kong market rose as global crude oil prices fell on prospects of a potential US-Iran peace deal that could soothe concerns over supply disruptions in the Middle East. Tehran reportedly sent a new peace proposal via Pakistan and US President Donald Trump said he has postponed a planned attack on Iran at the request of Qatar, Saudi Arabia and the United Arab Emirates. Trump noted that serious negotiations are underway to end the war.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 4,169.54 | 38.01 | 0.92 |
| Hang Seng | 25,797.85 | 122.67 | 0.48 |
| Jakarta Composite | 6,370.68 | -228.56 | -3.59 |
| KLSE Composite | 1,727.27 | -0.44 | -0.03 |
| Nikkei 225 | 60,550.59 | -265.36 | -0.44 |
| Straits Times | 5,072.34 | 75.59 | 1.51 |
| KOSPI Composite | 7,271.66 | -244.38 | -3.25 |
| Taiwan Weighted | 40,175.56 | -716.26 | -1.75 |
