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Asian markets trade mixed in early deals on Tuesday

Nikkei 225 surged by 541.30 points or 0.95% to 57,367.00

Asian markets traded mixed in early deals on Tuesday, due to reignited uncertainty following the US Supreme Court's rejection of Trump's tariff policy. The administration quickly responded by imposing a 10% global surcharge, with plans for 15% levies over the next 150 days. Japan’s Nikkei advanced with the softer local currency yen which benefited the export-oriented business of the country. Chinese index also advanced as it reopened after the extended Lunar New Year holiday. Meanwhile, the Central Bank of the People's Republic of China (PBOC) kept its 1-year and 5-year benchmark lending rates unchanged at 3% and 3.5% for a ninth straight month. 

Nikkei 225 surged by 541.30 points or 0.95% to 57,367.00, Taiwan weighted jumped by 903.86 points or 2.61% to 34,677.12, KOSPI Index rose by 119.99 points or 2.05% to 5,966.08, and Shanghai Composite was up by 40.86 points or 1.00% to 4,122.93.

On the flip side, Straits Times narrowed by 34.35 points or 0.68% to 5,006.98, Hang Seng plunged by 565.91 points 2.09% to 26,516.00, Jakarta Composite dipped by 21.41 points 0.25% to 8,374.67, and FTSE Bursa Malaysia KLCI index was down by 8.39 points or 0.48% to 1,749.59.