06:40 AM EDT, 04/29/2025 (MT Newswires) -- Asian stock markets were mostly higher Tuesday as trade jitters eased and investors noted earnings season results.

Hong Kong gained ground, Shanghai edged back, and Tokyo was closed on holiday. Other regional exchanges were mixed on the upside.

In Hong Kong, the Hang Seng Index finished up 0.2% as investors looked for signs of easing in trade tensions and noted bank-sector profits.

HSBC gained 3% after the banking giant reported first-quarter results and announced a $3 billion share buy-back plan.

The broad gauge Hang Seng rose 36.15 to 22,008.11, as gaining issues outnumbered losers 47 to 33. The Hang Seng TECH Index gained 0.6% on the day, while the Mainland Properties Index fell 0.5%.

Leading the upside was Alibaba Health Information Technology, gaining 7.2%, while automaker BYD declined 2.6%.

On the mainland, the Shanghai Composite fell 0.1% to 3,286.65.

On the other regional exchanges, the South Korean KOSPI rose 0.7%; the Taiwan TWSE inclined 1%; the Australian ASX 200 advanced 0.9%; the Singapore Straits Times Index fell 0.2%, and the Thai Set rose 1%. In late trading in Mumbai, the Sensex was up 0.1%.

In economic news, India's long-running expansion of industrial production was extended in March, with output rising 3% on the year, reported the National Statistics Office (NSO) on Monday.

March marked the country's 29th month of consecutive year-on-year expansion in industrial production.