Mixed Reactions in Asia-Pacific Markets

Following the implementation of President Donald Trump's new tariffs on steel and aluminum, the Asia-Pacific stock markets showed mixed reactions. Countries like China and Australia, major exporters of these commodities, are directly affected by these changes.

Economic Indicators and Market Movements

Japan reported an increase in producer prices both annually and monthly. The Nikkei remained steady, while the US dollar saw a slight increase against the yen. South Korea's Kospi experienced a significant surge, contrasting with Australia's S&P/ASX 200, which closed lower.

China's Market Performance

In mainland China, the Shanghai Composite saw a minor increase, and the Shenzhen Composite rose slightly. However, Hong Kong's Hang Seng index experienced a decline.