Asian Markets Show Mixed Responses Amid Trade War Concerns

In a surprising move that has sent ripples through the financial markets, the Trump administration has announced new fees for Chinese ships docking at American ports. This decision has reignited trade war fears, leading to a mixed performance in Asian markets during Friday's afternoon trading session.

Chinese Indexes Take a Hit

The Shanghai Composite and the Shenzhen Composite both experienced declines, dropping 0.46% and 0.51% respectively. This downturn reflects the growing unease among investors over the potential for escalating trade tensions between the two economic powerhouses.

Japan and South Korea Buck the Trend

Contrasting the trend in China, Japan's Nikkei 225 and South Korea's Kospi saw gains, rising by 0.75% and 0.54% respectively. Meanwhile, markets in Hong Kong and Australia remained closed in observance of Good Friday.

Adding to the day's financial developments, the dollar experienced a slight decrease against the yen, trading at 142.316 at 6:58 am CET.