Asia-Pacific Markets Show Mixed Responses to US-Japan Trade Agreement

Following the announcement by United States President Donald Trump of a groundbreaking trade deal with Japan, Asia-Pacific markets exhibited varied reactions. The agreement, which introduces a 15% tariff on Japanese exports to the US and secures a $550 billion investment from Tokyo, has significantly impacted market movements.

Market Movements Across the Region

Japan's Nikkei 225 experienced a notable surge, jumping 3.19% by 4:29 am CET. Meanwhile, Australia's S&P/ASX 200 saw a modest increase of 0.58%. Contrastingly, South Korea's Kospi Composite dipped by 0.23%. Hong Kong's Hang Seng and China's Shanghai Composite showed positive movements, with increases of 0.60% and 0.39% respectively, while the Shenzhen Composite remained stable.

Currency Fluctuations

The dollar strengthened against the yen, trading 0.35% higher at ¥147.1400 by 4:33 am CET, reflecting the immediate financial implications of the trade deal.