Asian stock markets showed different results on Tuesday.

The United States and China have agreed to lower the taxes they put on each other's products. The US will reduce taxes on Chinese goods to 30% from a much higher level, and China will reduce its taxes on US goods to 10% from a very high level. This agreement gives them more time to talk after their recent meeting in Switzerland, where the US said they made good progress.

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

He said in a comment that this diplomacy was clearly planned. However, it looks good, and the results are important. It shows that even this government understands that high tariffs harm the economy.

However, there are still big problems in the talks between China and the United States, and many Asian countries still need to make their own deals to lower taxes on goods.

Beijing is still clearly angry about the trade war. Chinese leader Xi Jinping spoke to officials from China and Latin America and repeated Beijing’s belief that no one benefits from a trade war. He said that acting like a bully or trying to dominate others only causes you to become isolated.

The Nikkei 225 in Tokyo increased by 1.6%, reaching 38,232.21. Car companies like Toyota and Suzuki saw their shares rise significantly.

Nissan Motor Co.'s stock increased by 3.4% after Japan's national TV station, NHK, reported that the company plans to cut over 10,000 jobs. This brings the total number of job cuts to 20,000 as they reorganize the company. Nissan was also scheduled to announce its financial results for the previous year later on Tuesday.

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

The Hong Kong stock market, called the Hang Seng, went down by 1.5% to 23,189.15. This happened after it went up by 3% the day before when China and the U.S. said they would stop and lower taxes on goods. The market fell because many people sold their technology stocks.

The Shanghai Composite index rose slightly by 0.2% to 3,376.22, and Taiwan’s Taiex increased by 1%.

Australia's main stock market index, the S&P/ASX 200, went up by 0.5% to reach 8,274.70.

On Monday, the two biggest economies in the world decided to reduce most of their taxes on each other's goods.

This made the S&P 500 index go up by 3.3%. It is now only 5% away from its highest point ever, which was in February. Before this, it had fallen by almost 20% from that high point. But it got better last month. This happened because people hoped President Donald Trump would lower the taxes on goods from other countries after making trade deals.

The main stock index, used in many retirement accounts, is back to its level from April 2. This was the day Trump called “Liberation Day.” On that day, he announced high taxes on imports from other countries. This caused worries about a possible recession that the country might cause itself.

The Dow Jones Industrial Average went up by 2.8% and the Nasdaq composite went up by 4.3%.

After increasing on Monday, oil prices went down. In the U.S., the main type of crude oil lost 22 cents, now costing $61.73 for one barrel. Brent crude, which is used around the world, also dropped 25 cents to $64.72 for a barrel.

On Monday, the U.S. dollar became stronger compared to currencies like the euro, Japanese yen, and Swiss franc. Early on Tuesday, one dollar was worth 147.98 Japanese yen, less than the previous day's 148.47 yen. However, it rose against the euro, reaching $1.1113 from $1.1088.

The U.S. and China stopped arguing about trade for a while. This happened after the U.S. made a deal with the UK last week. The deal will lower the taxes on many things from the UK to 10%, but it will still take a few weeks to start.

Important economic reports are expected later this week. These reports, which cover inflation and how confident American consumers feel, might reveal the extent of the damage caused by uncertainty over tariffs on the economy.

Many retailers' value went up because they sell a lot of products from China and other countries in Asia. Best Buy's value increased by 6.6%, and Amazon's went up by 8.1%.

Smaller US companies, which depend more on the US economy than bigger companies, did very well, and the Russell 2000 index went up by 3.4%.

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