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'Viable' chance for Ukraine ceasefire thanks to Trump: UK PM
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Vance visits US troops during UK trip
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Premier League has no say on delay over Man City charges, says chief exec
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Trump names Stallone, Strait among Kennedy Center honorees
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Israeli military says approved plan for new Gaza offensive
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Europeans urge Trump to push for Ukraine ceasefire in Putin summit
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Stocks extend gains on US rate-cut bets
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Venus Williams receives wild card for US Open singles
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Massive fire burns on mountain near western Canada city
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Plastic pollution plague blights Asia
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Typhoon Podul pummels Taiwan, heads towards China
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Russia in major Ukraine advance as Europe braces for Trump-Putin meet
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Stock markets extend gains on growing US rate cut hopes
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Typhoon Podul pummels Taiwan, heads towards mainland
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Russia in major Ukraine advance ahead of Trump-Putin meet in Alaska
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Ankara, Damascus top diplomats warn Israel over Syria action
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Deadlocked plastics treaty talks 'at cliff's edge'
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Stock markets rise on growing US rate cut hopes
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New cancer plan urged as survival improvements in England slow
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Japanese star convicted of indecent assault in Hong Kong
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Woodman-Wickliffe lines up 'one last ride' for Black Ferns at World Cup
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Bournemouth splash out on Diakite as Zabarnyi replacement
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Renowned Egyptian novelist Sonallah Ibrahim dies at 88
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Israel military says approved plan for new Gaza offensive
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Romero replaces Son as Spurs captain
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150 species saved in England, but 'time running out' to halt decline
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Zelensky, European leaders hope to sway Trump before Putin summit
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Czech film takes 'conspiracy nuts' on Ukraine war tour
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Test cricket needs quality not quantity to stay alive: Australia chief
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Spanish coach Riveiro lays down the law for Ahly stars
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Scientists unearth 'cute' but fearsome ancient whale
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European powers tell UN they are ready to reimpose Iran sanctions
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South Korea prosecutors raid party HQ after ex-first lady arrested
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Asian markets mixed as traders struggle to match Wall St rally
Equities diverged in Asia on Tuesday, as investors struggled to extend Wall Street's rally despite easing fears over Donald Trump's planned tariffs, while traders were also looking ahead to the release of key US inflation data.
A surge in tech giants including Tesla and Nvidia helped New York markets higher, with sentiment buoyed by indications from the White House that next week's glut of levies would be less severe than feared.
Trump has dubbed April 2 "Liberation Day" as he pledges to impose reciprocal tariffs on trading partners in an effort to remedy practices that Washington deems unfair.
Since resuming office in January, Trump has pursued a hardball policy approach, taking aim at friend and foe alike, sending shivers through markets and fanning fears about the global economy.
In recent days, he has suggested some countries could be given exemptions or reductions from next week's measures, giving investors a much-needed sense of optimism.
Market-watchers say the final outcome would likely see the tariffs changed after negotiations.
"The recent wave of doom-laced narratives -- fuelled by politically skewed consumer sentiment surveys and a flood of bearish op-eds -- looks increasingly overcooked," said SPI Asset Management's Stephen Innes.
And IG market analyst Tony Sycamore added: "The expectation is that the process will be more organised and structured than previous actions. Whatever numbers are announced on 2 April are likely to be negotiated down from there."
Still, the president did provide a jolt by warning countries that bought crude and gas from Venezuela would face steep tariffs, a move that could hit China and India among others.
Asian stocks fluctuated through the day.
Tokyo, Sydney, Singapore, Taipei, Jakarta and Wellington rose while Shanghai was flat but Bangkok and Manila dropped.
Hong Kong sank 2.4 percent, weighed by a drop of more than five percent in Chinese tech giant Xiaomi after it raised $5.5 billion in a mega share sale as it looked to expand its electric vehicle business.
The deal, which comes after a similar move this month by EV firm BYD, stoked worries about market liquidity.
Traders were also cashing in recent profits -- particularly among high-flying tech firms -- following an impressive surge in the Hang Seng Index that has seen it pile on around 20 percent since the start of the year.
Seoul also fell, despite a surge of more than three percent in South Korean automaker Hyundai following news of a $21 billion US investment.
Eyes are also on the release this week of US personal consumption expenditure data, which is the Federal Reserve's favoured inflation metric.
The reading will be closely monitored amid warnings that prices will likely go up because of Trump's tariffs.
Atlanta Fed chief Raphael Bostic said the measures would likely mean the bank cuts interest rates just once this year.
"I moved to one mainly because I think we're going to see inflation be very bumpy and not move dramatically and in a clear way to the (Fed's) two percent target," he told Bloomberg Television on Monday.
"Because that's being pushed back, I think the appropriate path for policy is also going to have to be pushed back."
Oil prices held Monday's gains of more than one percent that came in response to Trump's warning on Venezuelan crude.
- Key figures around 0700 GMT -
Tokyo - Nikkei 225: UP 0.5 percent at 37,780.54 (close)
Hong Kong - Hang Seng Index: DOWN 2.4 percent at 23,324.07
Shanghai - Composite: FLAT at 3,369.98 (close)
Euro/dollar: DOWN at $1.0793 from $1.0805 on Monday
Pound/dollar: DOWN at $1.2916 from $1.2924
Dollar/yen: DOWN at 150.45 yen from 150.58 yen
Euro/pound: UP at 83.59 pence from 83.58 pence
West Texas Intermediate: DOWN 0.2 percent at $68.97 per barrel
Brent North Sea Crude: DOWN 0.2 percent at $72.23 per barrel
New York - Dow: UP 1.4 percent at 42,583.32 points (close)
London - FTSE 100: DOWN 0.1 percent at 8,638.01 (close)
H.Thompson--AT