Asian stocks traded in a narrow range on Tuesday, as investors reacted cautiously to China's surprisingly strong economic growth figures and persistent worries about rising U.S. trade tariffs. Investo

Asian currencies consolidated against the dollar in the morning session, but may be weighed by fading Fed rate-cut prospects.

Markets were mixed Tuesday as positive Chinese economic data was offset by weak consumer spending, while optimism that governments will hammer out deals to avoid the worst of Donald Trump's tariff threats provided support.

A slew of economic data releases from China is expected, including its growth rate for the second quarter, urban investment and retail sales for June.

On the institutional activity front, foreign institutional investors (FIIs) net bought shares worth ₹104.49 crore. Similarly, domestic institutional investors (DIIs) net bought shares worth ₹1,477.58 crore on July 15. | NSE (Photo: Reuters)

A deluge of cheap products is hitting the ASEAN market as the trade war between China and the U.S. disrupts global trade.

The MSCI regional gauge dropped 0.4% with losses in Australia, Japan and South Korea. Contracts for the S&P 500 fell 0.3% after the index closed lower Tuesday. Treasuries edged down in early Asian trading with 30-year yields topping 5%. The yen pulled back slightly after falling to its lowest level since April.

Asian stock markets began the trading week with a mixed and cautious performance on Monday, as investors assessed the impact of US President Donald Trump's decision over the weekend to impose a 30% tariff on the European Union and Mexico.

Gift Nifty was trading around 25,174 level, a discount of nearly 91 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.

Asian stock markets mostly advanced around midday Tuesday, after President Trump unveiled a three-week extension to negotiate trade agreements, spurring mild hopes for deals following punishing U.S. tariffs.

Toyota and Hyundai Motor may have a beef with U.S. protectionism, but they have one thing in common with President Donald Trump: when it comes to global car markets, it's America first for Asia's legacy automakers.