Market Reactions to Tokyo's Inflation Data

Major stock market indexes in the Asia-Pacific region experienced a downturn on Friday, following Tokyo's announcement of a higher-than-expected annual inflation rate. This development has raised concerns among investors, already wary of the potential impacts of United States President Donald Trump's recent imposition of a 25% tariff on automobiles manufactured outside the US.

Regional Market Performances

Japan's Nikkei saw a significant drop, declining by 2.18% or 824 points by 7:08 am CET, as the US dollar weakened against the yen, trading at ¥150.7675. South Korea's Kospi wasn't spared, decreasing by 2.04%. However, Australia's S&P/ASX 200 managed to close 0.16% higher, showcasing a slight resilience amidst the regional downturn.

China and Hong Kong Markets

In mainland China, the Shanghai Composite dropped by 0.51%, while the Shenzhen Composite fell by 0.60% by 6:54 am CET. Hong Kong's Hang Seng index also slid, losing 0.99% or 234 points by 7:10 am CET, reflecting the widespread unease across Asia-Pacific markets.