World shares mostly rose Tuesday, with financial markets shrugging off U.S. tariff pressures on its trading partners.

In early European trading, Germany’s DAX rose 0.2% to 24,112.38. Britain’s FTSE 100 edged 0.2% higher to 8,822.09. France’s CAC 40 shed 0.1% to 7,716.19.

The futures for the S&P 500 added 0.1% . The futures for the Dow Jones Industrial Average both shed 0.1%.

In Asia, Japan’s Nikkei 225 added 0.3% to 39,688.81 while South Korea’s Kospi surged 1.8% to 3,114.95.

Hong Kong’s Hang Seng index climbed 1.1% to 24,140.13 while the Shanghai Composite gained 0.7% to 3,497.48. Australia’s S&P/ASX 200 edged 0.1% lower to 8,590.70.

Stocks on Wall Street closed broadly lower on Monday as the White House stepped up pressure on major trading partners to make deals before punishing tariffs imposed by the U.S. take effect.

The S&P 500 fell 0.8% for its biggest loss since mid-June. The benchmark index remains near its all-time high set last week.

The Dow Jones Industrial Average gave back 0.9% while the Nasdaq composite also finished 0.9% lower, not too far from its own record high.

The losses were widespread. Decliners outnumbered gainers by nearly 4 to 1 on the New York Stock Exchange.

It came after the Trump administration released letters informing Japan and South Korea that their goods will be taxed at 25% starting on Aug. 1, citing persistent trade imbalances with the two crucial U.S. allies in Asia. U.S. President Donald Trump also announced new tariff rates on Malaysia, Kazakhstan, South Africa, Laos and Myanmar.