Market Movements Across Asia-Pacific

Investors across the Asia-Pacific region were on high alert as major stock markets showed mixed responses during Tuesday's afternoon session. The focus was squarely on the looming August 1 tariff deadline and the political fallout from Japan's recent election, which saw the ruling coalition lose its parliamentary majority.

Stock Performance Highlights

The Nikkei experienced a slight decline of 0.33% by 7:25 am CET, while South Korea's Kospi took a more significant hit, dropping 1.53%. On a brighter note, Hong Kong's Hang Seng gained 0.43%, and Australia's S&P/ASX 200 remained stable. Meanwhile, in mainland China, the Shanghai Composite rose by 0.5%, and the Shenzhen Composite saw an increase of 0.75%.

Currency Fluctuations

The dollar showed strength against the yen, appreciating by 0.25% to trade at ¥147.74650 by 7:24 am CET.