Asian stock markets showed mixed but generally positive performance on Tuesday, said Wang Tianyu, a market analyst and business reporter for CGTN.
Chinese stocks closed higher on Tuesday, with the benchmark Shanghai Composite Index up 0.62 percent to 3,581.86 points.
The Shenzhen Component Index closed 0.84 percent higher at 11,099.83 points.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.61 percent to close at 2,310.86 points Tuesday.
"Today marks another happy day for Chinese stock investor as the rally extends. The Shanghai Composite Index stood at around 3,582, which is up roughly 0.6 percent. This marks an eight-month high driven by easing of China-U.S. trade tensions, improved sentiment, and also Beijing's push for long-term capital to invest in stocks. If we look closer, power construction, machine manufacturing and cement sectors continue the strong performance from yesterday. This came after China [over the weekend] announced to start the construction of a nearly 170-billion-U.S.-dollar hydropower dam in Xizang Autonomous Region, which is going to be the world's largest hydropower dam, and the power generation capacity will be three times of the current world's largest hydropower dam, which is the Three Gorges Dam, which is also located in China. The project related stocks have jumped nearly 12 percent today, and the engineering machinery sector climbed over 7 percent," Wang said.
"Meanwhile, the Shenzhen Component closed near 11,100, gaining about 0.8 percent. The CSI 300, which tracks the top large-caps from both exchanges, also rose about 0.8 percent to around 4,110. Looking closely to tech and innovation, we have to track the STAR 50 Index. It reflects the performance of leading tech firms listed on China's Nasdaq -- the STAR Market. Today, it rose 0.8 percent, outperforming the broader market. And it also marks the STAR Market's 6th anniversary. In the past six years, the sci-tech innovation board has firmly established itself as the home of China's high-tech firms. As of today, 589 companies have gone public on the board, focusing on sectors like semiconductors, biotech, and AI," he continued.
Wang also noted that these firms have raised a total of over 155 billion dollars through IPOs and refinancing and the total market cap is now close to 1 trillion U.S. dollars.
In addition, Hong Kong's stock market ended higher on the same day with the benchmark Hang Seng Index up 0.54 percent to close at 25,130.03 points.
The Hang Seng China Enterprises Index rose 0.39 percent to end at 9,075.60 points, and the Hang Seng Tech Index gained 0.38 percent to 5,606.83 points.
"If we look at Hong Kong, the Hang Seng Index closed up about 0.5 percent at roughly 25,000. The market continues its solid gains from the first half of 2025, and also thanks to the hydropower project, the coal chemical industry rose 5.6 percent and the construction materials sector jumped over 3 percent," said Wang.
He also noted that in Japan, Nikkei edged down slightly, closing around 39,700. And in South Korea, the KOSPI slid about 1.3 percent to around 3,170, which is amid U.S. tariff uncertainties.
Analyst recaps Asian stock markets' Tuesday performance
