Market Reactions Across Asia-Pacific

Following the landmark announcement of a trade deal between the United States and the European Union, Asia-Pacific markets displayed a mixed response. The deal, which introduces a 15% tariff on most EU imports, was revealed by United States President Donald Trump and European Commission President Ursula von der Leyen.

Performance of Key Markets

At 3:54 am CET, South Korea's Kospi remained unchanged, while Hong Kong's Hang Seng saw a modest increase of 0.50% by 3:55 am CET. Contrastingly, Japan's Nikkei 225 experienced a decline of 0.69% at 3:56 am CET. Mainland China's Shanghai Composite and Shenzhen Composite showed no significant movement by 3:57 am CET, whereas Australia's S&P/ASX 200 enjoyed a slight uptick of 0.31% by 3:59 am CET.

Currency Movements

The dollar maintained its stability against the yen, trading at 147.88150 at 4:00 am CET, indicating a cautious stance from investors amidst the unfolding developments.