Asia Markets Trade Mixed as Key Wall Street Benchmarks Rise Amid Fresh Trump Tariff Threats
Asia-Pacific markets were mixed Thursday, after key Wall Street indexes rose amid fresh tariff threats from U.S. President Donald Trump.
Australia’s S&P/ASX 200 traded 0.35% higher.
Japan’s Nikkei 225 traded around the flatline while the Topix added 0.4%. South Korea’s Kospi slipped 0.82%, while the small-cap Kosdaq dipped 0.1%.
Shares of Japanese convenience store operator Seven & i Holdings fell over 10% after the proposed acquisition by its founding family failed to secure financing, according to a company filing. This comes after the Yomiuri newspaper reported that Seven & i has abandoned the management buyout plan, which was pegged at over 8 trillion yen ($53.69 billion).
Hong Kong’s Hang Seng Index lost 0.18% while mainland China’s CSI 300 slipped 0.2%.
Trump on Wednesday threatened to impose 25% tariffs on imports from the European Union. This comes on the back of the president’s declaration to go forward with tariffs on Mexico and Canada after a monthlong postponement.
Source : CNBC
