Asia-Pacific markets mostly advance on Tuesday, mirroring Wall Street’s overnight rebound, as traders awaited further details on US President Donald Trump’s tariff plans ahead of his so-called “Liberation Day.

Asia-Pacific markets plunged ahead of U.S. President Donald Trump’s fresh round of tariffs, which is expected later in the week. The benchmark ended the day at 35,617.56. The broader Topix index fell 3.

The effects of Trump administration’s deep cuts in foreign assistance through the U.S. Agency for International Development and the State Department will likely be tested in any response to the first big natural disaster of his second term.

Downing Street has admitted the UK is now likely to face Donald Trump’s tariffs this week as the US president’s threats of a global trade war sparked fears of a global recession.Markets tumbled across the UK,

Taiwan’s Taiex index was down 4.2%, the worst performer among major Asia-Pacific market indexes. The Nikkei 225 fell 4.1%, while South Korea’s KOSPI dropped 3.0%.

President Donald Trump's tariffs and other policies have some financiers and officials in Asia predicting the remaking of the post-World War II economic order, leading to an urgent quest to diversify away from America.

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Markets in Asia and Europe fell Monday ahead of US tariffs taking effect this week. Automakers also skidded lower, with Toyota down almost 7% in Tokyo.

Trump, who at 78 was the oldest U.S. president at the time of his inauguration, would be 82 if he took on another four-year term following the November 2028 election.