Market Movements Amid New Tariffs

Following the announcement of new tariffs by United States President Donald Trump, major stock exchanges in the Asia-Pacific region showed varied responses. A notable development was the exemption of TSMC from the proposed 100% tariff on all imported semiconductors, a move that has stirred discussions across financial markets.

Trade Deal Optimism

Adding to the market's dynamics, President Trump hinted at nearing a trade deal with Beijing, stating that both Washington and Beijing are getting "very close" to an agreement. This statement has injected a dose of optimism into the markets, influencing trading activities.

Regional Market Highlights

Mainland China: The Shanghai Composite saw a slight increase of 0.12%, while the Shenzhen Composite experienced a minor decline of 0.25%.

Hong Kong and South Korea: The Hang Seng index added 0.46%, and South Korea's Kospi Composite advanced by 0.59%, reflecting positive investor sentiment.

Japan and Australia: Japan's Nikkei 225 rose by 0.47%, contrasting with Australia's S&P/ASX 200, which fell by 0.17%.

Currency Watch: The dollar remained stable against the yen, trading at 147.28600.