06:44 AM EDT, 04/22/2025 (MT Newswires) -- Asian stock markets were uneven Tuesday as traders weighed the unfolding tariffs landscape, and comments overnight by US President Donald Trump that the US Federal Reserve needs new leadership.

Hong Kong and Shanghai finished in the green, while Tokyo lost ground. Other regional exchanges were also choppy.

In Japan, the Nikkei 225 opened lower on overnight Wall Street cues, waffled, and finished off 0.2% as a stronger yen undercut export issues.

The benchmark Nikkei 225 fell 59.32 to 34,220.60, though gaining issues outnumbered losers 134 to 89.

Leading the upside was Hino Motors, up 5.8%, while consultancy BayCurrent declined 4.7%.

In Hong Kong, the Hang Seng Index opened lower but rose to the close, finishing up 0.8% on expectations of fiscal and monetary support from Beijing.

The broad gauge Hang Seng rose 167.18 to 21,562.32, as gaining issues outnumbered losers 63 to 18. The Hang Seng TECH Index gained 0.2% on the day, while the Mainland Properties Index rose 0.9%.

Leading the upside was CSPC Pharmaceutical, jumping 8.8%, while e-commerce giant JD.com declined 6.3%.

On the mainland, the Shanghai Composite rose 0.3% to 3,299.76.

On the other regional exchanges, the S. Korean KOSPI fell 0.1%; the Taiwan TWSE declined 1.6%; the Australian ASX 200 was flat; the Singapore Straits Times Index rose 1%, and the Thai Set inclined 0.8%. In late trading in Mumbai, the Sensex was up 0.2%.

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