Asian stock markets had mixed results on Tuesday. The first excitement about the temporary trade agreement between the US and China disappeared. This was because experts warned that President Donald Trump's decisions might still change quickly.

The United States and China have agreed to lower their taxes on imported goods. The US will reduce its taxes on Chinese products from up to 145% to 30%. China will lower its taxes on US goods from 125% to 10%. This gives them more time to talk after their recent positive discussions in Switzerland.

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

He said in a comment that it was clear this diplomacy was carefully planned. But it looks good, and the results are important. It shows that even this government understands how constant taxes on imports hurt the economy.

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

Beijing is still clearly unhappy about the trade war. On Tuesday, China's leader, Xi Jinping, spoke to officials from China and Latin America and repeated Beijing's position that a trade war is bad for everyone, and that trying to dominate others only causes problems for yourself.

The Tokyo stock market, the Nikkei 225, increased by 1.6% to 38,232.21. Car companies like Toyota and Suzuki saw their stocks rise significantly, with Toyota up 3.7% and Suzuki up 4.3%.

Nissan Motor Co.'s shares went up by 3.4% after NHK, Japan’s main TV channel, reported that the company is planning to fire over 10,000 workers. This means that Nissan will cut a total of 20,000 jobs as it tries to improve its business. The company was also going to share its financial results for the past year later that day.

In South Korea, the Kospi index stayed almost the same at 2,606.46.

The Hang Seng index in Hong Kong went down by 1.5% to 23,189.15. This happened because a lot of technology shares were sold. The day before, the index had gone up by 3% after China and the U.S. agreed to stop and lower taxes on goods.

The Shanghai stock market index went up a little, by 0.2%, reaching 3,376.22, and Taiwan’s Taiex index increased by 1%.

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

On Monday, the two biggest economies in the world agreed to lower most of the taxes on goods they trade with each other.

This caused the S&P 500 to go up 3.3% and get close to its highest point ever in February. It went down almost 20% from that point but got better last month because people hoped President Donald Trump would lower taxes on goods from other countries after making trade deals.

The main stock market index, which is important for many retirement plans, is now back to its level from April 2nd. On that day, President Trump announced high taxes on goods from other countries. This caused worries about a possible recession that he might have caused himself.

The stock market went up a lot, with the Dow Jones index rising by 2.8% and the Nasdaq index increasing by 4.3%.

Oil prices went down a little after going up on Monday. US oil dropped 22 cents to $61.73, and international oil dropped 25 cents to $64.72 per barrel.

On Monday, the U.S. dollar became stronger compared to other currencies like the euro, Japanese yen, and Swiss franc. However, by early Tuesday, the dollar's value dropped against the Japanese yen, going from 148.47 to 147.98 yen. But it rose in value against the euro, increasing from $1.1088 to $1.1113.

After the U.S. and China stopped their talks for a time, the United States made an agreement with the United Kingdom last week to lower taxes on many British goods coming into the country to 10%, but this will take several weeks to happen.

Reports about the economy coming out later this week, including information on rising prices and how people in the U.S. feel about the economy, might show how much the economy has been hurt by not knowing what will happen with tariffs.

Many shops saw their value increase because they sell goods made in China and other Asian countries.

Small companies in the U.S. did very well, earning more because the U.S. economy was strong. This helped them more than larger companies. The Russell 2000 index, which follows these smaller companies, went up by 3.4%.

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