Asia-Pacific markets showed mixed results Tuesday following a private survey revealing China's manufacturing activity shrank at its fastest pace since September 2022. The Caixin/S&P Global PMI dropped to 48.3, below expectations, driven by a fall in new export orders impacted by U.S. tariffs. Tensions escalated as China accused the U.S. of violating a trade agreement, while the EU criticized proposed U.S. steel tariff hikes. Despite the negative data, Hong Kong's Hang Seng Index rose 1.13%, and Australia's S&P/ASX 200 advanced 0.48%. Japan's Nikkei 225 traded flat, while India's markets saw slight declines. South Korean markets were closed.

Prepared by Christopher Adams and reviewed by editorial team.