Market Movements in Asia-Pacific

As the US administration prepares to impose fresh tariffs, major markets in the Asia-Pacific region exhibited mixed reactions on Wednesday. Japan's Nikkei 225 experienced a slight decline, reaching its lowest point since September, while automakers in Japan and South Korea saw their stocks fall.

Performance Highlights

By 7:16 am CET, the Nikkei 225 had recovered slightly, growing by 0.39%. Meanwhile, Australia's S&P/ASX 200 closed its trading session with a modest increase of 0.12%. In contrast, South Korea's Kospi decreased by 0.70% at 7:17 am CET.

China's Market Response

In mainland China, the Shenzhen Composite showed improvement, rising by 0.37% at 7:02 am CET, whereas the Shanghai Composite remained flat at 7:18 am CET. Hong Kong's Hang Seng index also showed little movement during the session.

Currency Market Update

The dollar gained strength against the Japanese yen, increasing by 0.21% at 7:19 am CET, with the exchange rate standing at ¥149.9090.