Tokyo Tower, Tokyo’s famous landmark, rises high above the skyscrapers in Azabu, Roppongi and Toranomon districts. A tilt-shift lens was used in order to obtain a miniature effect.
This is CNBC's live blog covering Asia-Pacific markets.
Asia-Pacific markets rose Tuesday after Donald Trump paused tariffs on Mexico for a month, while Canada also said the U.S. president had put on hold proposed tariffs on its exports.
Hong Kong's Hang Seng index was up 2.83% in its last hour of trade, as China slapped tariffs on U.S. imports, in retaliation to the U.S. duties on its exports. China levied tariffs of up to 15% on U.S. imports of coal and liquefied natural gas and 10% higher duties on crude oil, farm equipment and selected cars from the U.S.
This move comes just as Trump's additional 10% tariff across all Chinese imports into the U.S. came into effect at 12:01 a.m. ET on Tuesday.
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Chinese markets remain closed for the Lunar New Year holiday.
Japan's benchmark Nikkei 225 ended 0.72% higher at 38,798.37, while the broader Topix index advanced 0.65% to 2,738.02.
South Korea's Kospi rose 1.13% to end the day at 2,481.69 while the small-cap Kosdaq gained 2.29% to close at 719.92.
Money Report
Australia's S&P/ASX 200 closed flat at 8,374, erasing earlier gains.
India's benchmark Nifty 50 was up 1.19%, while the BSE Sensex index rose 1.12% as of 1.pm local time.
Overnight in the U.S., stocks traded down following Trump's decision to pause tariffs.
The Dow Jones Industrial Average recovered from steep losses during. The 30-stock index was down 122.75 points, or 0.28%, to close at 44,421.91. At its lows of the day, the Dow was down 665.6 points, or 1.5%.
The S&P 500 slid 0.76% to 5,994.57, while the Nasdaq Composite slumped 1.2% to 19,391.96.
— CNBC's Sean Conlon and Pia Singh contributed to this report.
KKR reportedly raises tender offer price on Fuji Soft by 4.2% following rival bid
U.S. private equity fund KKR has reportedly raised its tender offer price on Fuji Soft by 4.2% to 9,850 yen ($63.45) per share, to rival the 9,600 yen bid made by Bain Capital.
The private equity firm currently holds a 35% stake in Fuji Soft after the first part of its two-stage buyout, in which it offered 8,800 yen per share.
Shares in Fuji Soft rose 1.59%.
— Amala Balakrishner, Reuters
Shares of Japanese automakers rise after Trump delays tariffs on Mexico and Canada
Shares of Japanese automakers gained Tuesday, rebounding from the previous day's losses after President Donald Trump suspended tariffs on Mexico and Canada for a month.
Japan-listed shares of Honda and Toyota added 1.79% and 2.81%, respectively. Nissan shares rose 1.91%. Mazda Motor, however, slumped 7.5%, a day after it posted downbeat results.
— Lee Ying Shan
Shares in Mitsubishi Motors plunge over 15% on profit forecast cut, downbeat earnings
Shares in Mitsubishi Motors plunged as much as 15.25% Tuesday, a day after the Japanese automaker cut its full-year net profit forecast for FY2025 to 35 billion yen ($230 million) — 76% lower than the 144 billion yen it had penciled last May.
The revision comes amid expectations of lower sale volumes in Europe, Middle East, Latin America and Africa. The company is also anticipating higher operating expenses, it said in a regulatory filing Monday.
Its third-quarter net income came in at 33.2 billion yen, 69.6% down from the 102.8 billion yen the year before.
— Amala Balakrishner
CNBC Pro: How DeepSeek's new AI models are already impacting profits at companies
China's DeepSeek shook global stock markets after revealing that it had built a powerful artificial intelligence model for a mere $6 million.
While some have disputed the shockingly low cost of developing the AI models, most agree that DeepSeek has sharply cut the ongoing cost of running powerful AI models and the Chinese firm's decision to release its technology for free has altered the course of the industry.
CNBC Pro spoke to Roadzen, a Nasdaq-listed firm attempting to disrupt the insurance sector, and OODA AI, a Sweden-listed AI service company, on how DeepSeek's new AI models are set to impact their operations and financials.
— Ganesh Rao, Chloe Taylor
Stocks end Monday lower
The major stock averages closed lower to end Monday's trading session.
The S&P 500 shed 0.76% to close at 5,994.57, while the tech-heavy Nasdaq Composite tumbled 1.20% and finished at 19,391.96. The Dow Jones Industrial Average lost 122.75 points, or 0.28%, to settle at 44,421.91.
— Lisa Kailai Han
5 out of 11 S&P 500 sectors trade higher on Monday
During Monday's trading session, 5 out of the 11 S&P 500 sectors were trading in the positive.
The index was led higher by consumer staples and health care, each up around 0.5%. Energy and utilities stocks each added 0.4%.
On the other hand, information technology and consumer discretionary led the S&P 500 lower. The sectors respectively shed 1.4% and 1.2%.
— Lisa Kailai Han
Where the major averages stand
Here's where the major averages stand heading into Monday's close.
- The S&P 500 is down 0.34%
- The Dow Jones Industrial Average is up 0.08%
- The Nasdaq Composite is down 0.69%
- The Russell 2000 is down 1.01%
— Lisa Kailai Han
Tariffs could hurt economic growth, increase inflation, economists warn
Trump's tariff plans could weigh on economic growth and cause inflation to jump, Wall Street economists warn.
Morgan Stanley economists estimate that "US Inflation could be 0.3 to 0.6pp higher vs baseline over the next 3-4 months (putting headline PCE inflation at 2.9% to 3.2%) and US growth could be -0.7 to -1.1pp lower vs baseline over the next 3-4 quarters (putting real GDP growth at 1.2% to 1.6%)" if tariffs are fully implemented and not temporary, strategist Michael Zezas said in a note to clients.
Check out more Wall Street reactions on CNBC Pro.
— Jesse Pound
