Market

Asian Markets Show Resilience as Earnings Season Heats Up Amid US Tariff Concerns

Asian Markets Edge Higher Amid Global Earnings Focus

Investors across the Asia-Pacific region turned their attention to corporate earnings reports and the potential impact of recent US tariffs imposed by President Donald Trump. Markets responded with cautious optimism, as most indices posted gains during Tuesday's afternoon trading session.

Regional Market Highlights

Hong Kong's Hang Seng led the charge with a 0.40% increase by 7:12 am CET. Meanwhile, Mainland China presented a mixed picture; the Shanghai Composite remained unchanged, whereas the Shenzhen Composite saw a modest 0.23% rise by 7:15 am CET.

In South Korea, the Kospi advanced by 0.47% at 7:14 am CET, and Australia's S&P/ASX 200 outperformed with a 0.87% climb by 7:13 am CET. Notably, Japan's markets were closed for a public holiday, sidestepping the day's trading activities.

Currency Movements

The dollar showcased strength against the yen, appreciating by 0.32% to trade at 142.4880 by 7:16 am CET, reflecting the dynamic interplay between currency values and market sentiments.