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Asian markets trade mostly lower in early deals on Wednesday
Jul-02-2025
Asian markets traded mostly lower in early deals on Wednesday, pressured by the risk aversion counting on potential impact of US economic policies on global markets. Oil sector got saddled with the market uncertainty ahead to upcoming OPEC+ meeting. South Korea’s KOSPI retreated from more than three-year highs, after the consumer price index rose 2.2% year-on-year in June, slightly above expectations. This signalled persistent inflationary pressure following the Bank of Korea’s fourth policy rate cut. Japan’s Nikkei marked a second consecutive day of losses after US President Donald Trump threatened to impose a 35% tariff on Japanese imports after US President Donald Trump threatened to impose a 35% tariff on Japanese imports

Nikkei 225 down by 208.36 points or 0.52% to 39,777.97, Taiwan Weighted slipped by 78.78 points 0.35% to 22,474.94, KOSPI Index tumble by 37.10 points or 1.20% to 3,052.55, Jakarta Composite dipped by 45.23 points or 0.65% to 6,870.13, and Shanghai Composite declined by 1.24 points or 0.04% to 3,456.51 

On the flip side, Straits Times up by 14.18 points 0.36% to 4,003.94, Hang Seng rose by 161.92 points 0.67% to 24,234.20, and FTSE Bursa Malaysia KLCI higher 6.81 points or 0.44% to 1,548.34.

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