Asia markets dip as investors look to Trump-Takaichi meeting in Japan

Asian markets fell completely on Tuesday as investors in the region awaited the meeting between US President Donald Trump and newly appointed Japanese Prime Minister Sanae Takaichi.

Trump met with Japan’s Emperor Naruhito after arriving in Tokyo on Monday and will be the first foreign leader to meet with Takaichi since taking office.

of japan Nikkei 225 It fell 0.57% at the open, retreating from its record high on Tuesday, while the broad-based Topix lost 0.61%.

Other Asia-Pacific markets also fell despite gains on Wall Street, which led to record closing highs for the three major US indexes.

South Korea’s kospi It led to losses in the region, falling 1.4 percent, while small-cap Kosdaq fell 0.6 percent.

Australia’s S&P/ASX 200 started the day with a 0.32% loss.

Hong Kong Hang Seng index futures settled at 26,534, above the HSI’s last close of 26,433.7.

Overnight in the USA, the S&P 500 increased by 1.23% to 6,875.16 points and made its first close above the 6,800 level.

The Nasdaq Composite rose 1.86% to 23,637.46, boosted by gains in Nvidia and other chip stocks. The Dow Jones Industrial Average rose 337.47 points, or 0.71%, to 47,544.59.

Major market catalysts look ahead this week, including Big Tech earnings, the Federal Reserve interest rate decision, and a potential China trade deal.

— CNBC’s John Melloy, Sean Conlon and Liz Napolitano contributed to this report.