Market

Mixed Reactions in Asia-Pacific Markets Following Japan's Tariff Reimbursement Announcement

Asia-Pacific Markets Show Mixed Performance

Following the announcement by Japan's trade chief Ryosei Akazawa regarding the United States' agreement to reimburse Tokyo for all mistakenly collected duties since August 7, Asia-Pacific markets exhibited mixed trading patterns on Friday.

Japan's Trade Surplus Report

Adding to the day's economic updates, Japan's Finance Ministry released a report indicating a trade surplus of ¥469.6 billion for June.

Market Movements Across the Region

At 4:10 am CET, South Korea's Kospi saw a slight decline of 0.26%, while Hong Kong's Hang Seng dropped by 0.46% by 4:11 am CET. In contrast, Japan's Nikkei 225 surged by 2.03% at 4:12 am CET. Mainland China's Shanghai Composite remained stable, whereas the Shenzhen Composite decreased by 0.27% by 4:13 am CET. Australia's S&P/ASX 200 showed no change at 4:14 am CET.

Currency Exchange Update

The dollar experienced a minor increase of 0.11% against the yen, trading at 147.28400 by 4:15 am CET.