Asian stock markets had mixed results on Tuesday. The early excitement about the 90-day break in the trade conflict between the US and China lessened.

The United States and China have agreed to lower taxes on each other's products. The US will lower its taxes from up to 145% to 30%, and China will lower its taxes from 125% to 10%. This gives them more time to talk after their recent meetings.

The result was better than most people expected, making investors feel more confident, according to Stephen Innes of SPI Asset Management.

He said that this diplomacy was carefully planned, but it looked good and had real effects. It showed that the government knew that tariffs that never stopped were bad for the economy.

However, there are still big difficulties in the talks between China and the United States, and many Asian countries still need to make their own deals to reduce tariffs.

It is clear that Beijing is still angry about the trade war. On Tuesday, the Chinese leader Xi Jinping told officials from China and Latin America that nobody wins a trade war, and that trying to bully or control others will only make a country alone.

In Tokyo, the Nikkei 225 index went up by 1.6% to reach 38,232.21. Car companies did well, for example, Toyota Motor Corp. increased by 3.7% and Suzuki Motor Corp. by 4.3%.

Nissan Motor Co.'s shares increased by 3.4% after the Japanese TV channel NHK reported that the company plans to reduce its workforce by over 10,000 employees, bringing the total to 20,000. This is part of the company's efforts to reorganize its business. Nissan was scheduled to release its financial results for the past year later on Tuesday.

The Kospi in South Korea stayed almost the same at 2,606.46.

The Hong Kong stock market, the Hang Seng, went down by 1.5% to 23,189.15 because many investors sold their technology shares. This drop happened after the market had gone up by 3% the day before. The rise happened after China and the U.S. said they would stop and lower some taxes on goods.

The Shanghai stock market index went up a little by 0.2% to 3,376.22, and Taiwan's Taiex index went up a lot by 1%.

The main stock market in Australia, called the S&P/ASX 200, went up by 0.5% to 8,274.70.

On Monday, the two biggest economies in the world agreed to reduce most of their taxes on goods from the other country.

This caused the S&P 500 to go up 3.3%, bringing it to less than 5% from its highest point ever in February. It had fallen almost 20% below that point but went up again last month. This happened because people hoped President Donald Trump would lower taxes on goods after making trade deals with other countries.

The main stock market index for many retirement accounts is now higher than it was on April 2. On that day, Trump announced strong global taxes, which he called "Liberation Day." This caused worries about a possible recession that the country might have caused itself.

Major US stock markets went up a lot, with the Dow Jones Industrial Average rising 2.8% and the Nasdaq composite going up 4.3%.

Oil prices went down after rising on Monday. In the U.S., the main type of oil cost 22 cents less, at $61.73 for one barrel. The price of Brent crude, which is used around the world, dropped by 25 cents to $64.72 for one barrel.

On Monday, the U.S. dollar became stronger compared to currencies like the euro and the Japanese yen. By Tuesday morning, the dollar was worth fewer Japanese yen, trading at 147.98 instead of 148.47 yen, but it increased in value against the euro, going from $1.1088 to $1.1113.

The break in talks between the U.S. and China happened after the United States made an agreement last week with the United Kingdom. This deal will reduce taxes on many goods from the U.K. to 10%, but it will still take several weeks to happen.

Important economic reports coming out later this week, like ones about inflation and how confident people in the U.S. feel about the economy, could reveal how much the economy has been hurt by not knowing if there will be tariffs.

Many stores increased their value because a lot of their products are made in China and other parts of Asia. For example, Best Buy went up by 6.6%, and Amazon increased by 8.1%.

Smaller American companies that depend more on the U.S. economy than larger companies did well, and the Russell 2000 index went up by 3.4%.

Clothing companies that buy many of their materials from China also did well.