Market Movements Amid Tariff Talks

As the US administration prepares to impose a new round of tariffs, major markets in the Asia-Pacific region showed mixed reactions. Japan's Nikkei 225 initially dipped to its lowest point since September, affecting automakers across Japan and South Korea.

Regional Market Highlights

By 7:16 am CET, the Nikkei 225 had recovered slightly, growing by 0.39%. Meanwhile, Australia's S&P/ASX 200 saw a modest rise of 0.12% by the close of its session. Contrastingly, South Korea's Kospi experienced a decrease of 0.70% at 7:17 am CET.

China's Market Stability

In mainland China, the Shenzhen Composite improved by 0.37% at 7:02 am CET, while the Shanghai Composite remained flat. Hong Kong's Hang Seng also showed little movement, indicating a cautious stance among investors.

Currency Fluctuations

The dollar strengthened against the Japanese yen, rising by 0.21% to trade at ¥149.9090 by 7:19 am CET, reflecting the ongoing adjustments in the currency markets.