Asian shares mixed as Trump’s tariff deadline looms, while US stocks set records

advertisement

Manila, July 4: Asian shares were mixed on Friday after US stocks climbed further into record heights as the clock ticks on President Donald Trump’s July 9 tariff deadline.

Advertisement

Japan’s Nikkei 225 fell 0.6 per cent to 39,762.20 after earlier gains, while South Korea’s KOSPI index was down 1.2 per cent to 3,078.31.

Hong Kong’s Hang Seng index lost 0.6 per cent to 23,914.44 while the Shanghai Composite index added 0.4 per cent to 3,475.24. Australia’s S and P/ASX 200 rose 0.1 per cent to 8,609.50. India’s Sensex index was up 0.1 per cent to 83,288.73.

Advertisement

“Asian markets slipped into Friday like someone entering a dark alley with one eye over their shoulder — because while US equities danced higher on a sweet spotted post-payroll sugar rush, the mood in Asia was far less celebratory. The reason? That familiar, twitchy unease every time Trump gets near the tariff trigger,” Stephen Innes, managing partner at SPI Asset Management, wrote in a commentary.

advertisement

On Thursday, after a report showed a US job market stronger than Wall Street expected, the S and P 500 rose 0.8 per cent and set an all-time high for the fourth time in five days. The Dow Jones Industrial Average added 344 points, or 0.8 per cent, and the Nasdaq composite gained 1 per cent.

Many of Trump’s stiff proposed taxes on imports are currently on pause, but they’re scheduled to kick in next week unless Trump reaches deals with other countries to lower them.

In other dealings on Friday, US benchmark crude was down 19 cents to USD 68.81 per barrel. Brent crude, the international standard, shed 30 cents to USD 68.50 per barrel.

The US dollar slid to 144.48 Japanese yen from 144.92 yen. The euro edged higher to USD 1.1771 from USD 1.1761. (AP)

Hot this week

Pay hike of Assam ministers, MLAs likely as 3-member panel submits report

Full report likely by Oct 30 Guwahati Sept 25: There...

Meghalaya Biological Park Inaugurated After 25 Years: A New Chapter in Conservation and Education

Shillong, Nov 28: Though it took nearly 25 years...

ANSAM rejects Kuki’s separate administration demand, says bifurcation not acceptable

Guwahati, Sept 8: Rejecting the separate administration demand of...

Meghalaya man missing in Bangkok

Shillong, Jan 10: A 57-year-old Meghalaya resident, Mr. Treactchell...

Meghalaya’s historic fiber paves the way for eco-friendly products and sustainable livelihoods

By Roopak Goswami Shillong, Oct 25: From making earbuds to...

NSP 2025: India’s Sporting Leap from Vision to Victory

By Dipak Kurmi On a sultry July morning in New...

Raja Raghuvanshi murder: Meghalaya court extends judicial custody of 3 hitmen

Shillong, July 4: A court in Meghalaya's East Khasi...

At least 20 people injured after gas station explodes in Rome

Rome, July 4: A gas station exploded early on...

This is the beginning of a new chapter in Indian athletics: Neeraj Chopra

Bengaluru, July 4: Double Olympic medallist Neeraj Chopra is...

NDA campus most appropriate place for Peshwa Bajirao’s memorial: Amit Shah

Pune, July 4: The National Defence Academy (NDA) campus...

Kolkata college gang rape: Police reconstruct crime scene with arrested men

Kolkata, July 4: Sleuths of the Kolkata Police on...
spot_img

Related Articles

Popular Categories

spot_imgspot_img