Asia-Pacific Markets Show Mixed Responses to New Tariffs

In a move that has stirred the global markets, United States President Donald Trump has instituted a 35% tariff on Canadian goods, effective August 1. This decision has led to varied reactions across Asia-Pacific markets, with some indices seeing gains while others experienced slight declines.

Market Movements Across the Region

South Korea's Kospi saw an increase of 0.31%, and Hong Kong's Hang Seng jumped by 1.08%. Meanwhile, Japan's Nikkei 225 and China's Shenzhen Composite remained flat. Australia's S&P/ASX 200, however, went down by 0.21%.

Currency Fluctuations

The dollar strengthened against the yen, trading 0.34% higher, with a selling price of 146.74200. This movement underscores the broader economic implications of the new tariffs.