Asian Markets Respond to US Tariff Measures

Despite the recent announcement by United States President Donald Trump regarding new tariff measures, stocks in Asia-Pacific traded mostly higher on Tuesday. The President confirmed higher tariffs on some countries and introduced a 25% tariff on goods from Japan and South Korea, which initially caused losses on Wall Street on Monday.

Investor Concerns Temporarily Eased

President Trump later extended the suspension of higher tariffs on certain partners until August 1, a move that seemed to alleviate some investor concerns. This decision contributed to a more positive trading environment in Asia.

Market Performance Highlights

At 04:28 am CET, Japan's Nikkei 225 saw a modest increase of 0.31%, while Hong Kong's Hang Seng rose by 0.68%. The dollar also experienced a slight uptick against the yen. Meanwhile, in mainland China, both the Shenzhen Composite and the Shanghai Composite recorded gains. South Korea's Kospi showed a notable increase of 0.97%, whereas the Australian S&P/ASX 200 remained flat.