Market Downturn in Asia-Pacific

Following Wall Street's recent sell-off, major stock markets across the Asia-Pacific region experienced a downturn during Friday's afternoon session. This decline reflects growing investor concerns over ongoing trade tensions, despite U.S. President Donald Trump's temporary delay on tariffs for Mexico and Canada.

Impact on Regional Markets

Japan's Nikkei saw a significant drop of 2.24%, while Hong Kong's Hang Seng and South Korea's Kospi also slipped by 0.27% and 0.46%, respectively. Australia's S&P/ASX 200 wasn't spared, closing down by 1.81%. In mainland China, the Shenzhen Composite and Shanghai Composite both experienced declines.

Currency Movements

Amid these market movements, the dollar weakened against the yen, selling for ¥147.5350, marking a 0.19% loss.