Precise Investors Editorial Team
The Nikkei 225 climbed to a fresh record, surging as much as 2.8% to reach 42,992.55
Most Asian stock markets advanced on Tuesday, with Japan’s Nikkei hitting a record high on optimism over the China- U.S. tariff truce extension, while shares in Sydney also set a new peak after the Reserve Bank of Australia lowered rates as expected.
The Reserve Bank of Australia reduced its interest rates by 25 basis points to 3.60% on Tuesday, in a move widely anticipated by markets.
Tuesday’s move marks the RBA’s third cut this year, following its surprise decision to keep rates unchanged in July.
After the hold, bets for a cut had strengthened amid weak inflation prints and signs of a cooling labour market.
The RBA said easing inflation is likely to prompt further rate cuts.
Australia’s S&P/ASX 200 index rose 0.3% to a new record high of 8,870.10 points.
China and the U.S. extended their tariff truce on Monday for another 90 days, averting sharp duties that could have disrupted trade.
The agreement preserves current 30% U.S. and 10% Chinese tariffs and buys time for further negotiations, offering a boost to investor sentiment across the region.
Nikkei 225 jumped to a new record, soaring as much as 2.8% to reach 42,992.55. The broader TOPIX index climbed 1.8%.
Gains were led by strong performances in technology stocks, tracking recent record peaks on the tech-heavy Nasdaq Composite index.
China’s Shanghai Composite index added 0.4%, while the Shanghai Shenzhen gained 0.5%.
Hong Kong’s Hang Seng index dropped 0.1% on Tuesday.
South Korea’s KOSPI index rose 0.7%, while features tied to India’s Nifty 50 added 0.3%.
Singapore’s Straits Times Index declined 0.2% despite strong second-quarter GDP figures. The country also raised its 2025 GDP forecast.
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