Market Reactions Across Asia-Pacific

Following the announcement by United States President Donald Trump to impose a 25% tariff on steel and aluminum imports, major stock indexes in the Asia-Pacific region exhibited mixed responses on Tuesday.

Australia's S&P/ASX 200 saw a slight increase of 0.08% at 3:27 am CET, while South Korea's Kospi Composite rose by 0.60% shortly after. Conversely, Hong Kong's Hang Seng experienced a decrease of 0.34% at 3:29 am CET. The Chinese mainland markets also faced downturns, with the Shanghai Composite and the Shenzhen Composite dropping by 0.21% and 0.64%, respectively. Notably, Japan's markets remained closed in observance of a holiday.

Currency Movements

In currency news, the dollar remained stable against the yen, trading at ¥151.9390 at 3:30 am CET.