Asian Markets React to Trump's Tariff Remarks

Asia-Pacific markets experienced mixed trading on Friday, following statements by United States President Donald Trump regarding tariffs on China. Trump emphasized his reluctance to increase tariffs further, suggesting that higher tariffs could deter purchases.

Market Movements Across Asia

South Korea's Kospi saw a modest increase of 0.29%, while Japan's Nikkei 225 rose by 0.63%. Conversely, mainland China's Shanghai Composite dipped by 0.32%, with the Shenzhen Composite remaining unchanged. Markets in Australia and Hong Kong were closed for holidays, leaving the S&P/ASX 200 and Hang Seng unaffected by the day's developments.