Market Overview

Stock markets in the Asia-Pacific region experienced mixed results on Wednesday, influenced by the latest US tariffs and China's retaliatory measures. Investors are closely monitoring these developments, alongside new economic data that could impact future market movements.

Economic Indicators

Recent data from S&P Global highlighted a slight increase in Australia's services sector activity, reaching 51.2 in January. Conversely, Japan's services activity saw a rise to 53, while China's services performance dipped to 51, indicating a varied economic landscape across the region.

Market Movements

At 7:00 am CET, the Shenzhen Composite remained unchanged, whereas the Shanghai Composite dropped by 0.83%. Hong Kong's Hang Seng index fell by 1.15% at 7:16 am CET. Meanwhile, Japan's Nikkei 225 stayed flat, and South Korea's Kospi Composite saw a 1.09% increase. By the closing bell, Australia's S&P/ASX 200 had risen by 0.51%.

Currency Fluctuations

The dollar weakened against the yen, trading 0.63% lower at 7:17 am CET, with a selling price of 153.29450.