Major stock market indexes in Asia traded mixed on Tuesday following US President-elect Donald Trump's pledge to impose new tariffs on imports, rising concerns about potential disruptions in global trade.
Trump announced plans for a 25% tariff on products from Mexico and Canada, along with a 10% tariff on goods from China. The tariff plans are part of his broader strategy to prioritize American industries and reduce deficits.
In mainland China, the Shanghai Composite increased by 0.41% at 3:27 am CET, with the Shenzhen Composite trading flat a minute later. Hong Kong's Hang Seng added 0.54% at 3:29 am CET and South Korea's Kospi Composite went down by 0.62% at the same time.
The dollar traded 0.10% lower against the yen, going for ¥153.9795 at 3:30 am CET, with the Australian S&P/ASX 200 falling by 0.42%. At 3:31 am CET, Japan's Nikkei 225 dropped by 1.34%.
