Market Reactions Across Asia-Pacific

Following the announcement by United States President Donald Trump about imposing a 100% tariff on all imported chips and semiconductors, Asia-Pacific markets showed mixed reactions. South Korea's Kospi saw a slight increase, while markets in Hong Kong and Australia remained stable. Japan's Nikkei 225 experienced a notable rise.

Economic Indicators from Australia

The Australian Bureau of Statistics highlighted a significant trade surplus for June, amounting to 5.37 billion Australian dollars, indicating a robust economic performance amidst global trade tensions.

Currency Movements

The dollar strengthened against the yen, reflecting the immediate financial market adjustments to the new tariff announcements.