Market Reactions Across Asia-Pacific
Investors in the Asia-Pacific region are closely monitoring the impact of United States President Donald Trump's tariffs, which have led to mixed performances in major stock markets. The situation intensified after Trump's warning about a potentially difficult transition period.
Stock Market Performances
Japan's Nikkei 225 experienced a significant drop of 4.41%, while South Korea's Kospi saw a 0.94% decline. Australia's S&P/ASX 200 also decreased by 1.31%. In contrast, China's Shanghai Composite and Shenzhen Composite showed resilience with gains of 0.32% and 0.75% respectively. Hong Kong's Hang Seng surged by 1.10%.
Impact of US Tariffs on China
Reports indicate that the US's duties on Chinese exports could escalate to a combined 145%, adding another layer of complexity to the ongoing trade tensions.
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