Asia-Pacific Markets Trade Mostly Higher as Investors Digest Trump Tariff Impact
Asia-Pacific markets mostly rose Wednesday as investors digested U.S. President Donald Trump’s tariff impact on regional economies.
U.S. Federal Reserve Chair Jerome Powell, meanwhile, re-emphasized on Tuesday the central bank’s focus on curbing inflation and signaled that policymakers were not in a rush to push interest rates lower.
Australia’s S&P/ASX 200 traded around the flatline.
Japan’s Nikkei 225 rose 0.28% after resuming trading following a holiday, while the Topix slid 0.22%. South Korea’s Kospi added 0.23% and the small-cap Kosdaq lost 0.47%.
traded around the flatline.India is slated to report its inflation data for January. SoftBank Group will be posting its fiscal third-quarter earnings later in the day.
Overnight in the U.S., the three major averages closed mixed. The S&P 500 added 0.03% to end at 6,068.50, while the Nasdaq Composite lost 0.36% to close at 19,643.86. The Dow Jones Industrial Average gained 123.24 points, or 0.28%, to 44,593.65.
Source : CNBC