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Asian markets end mixed on Wednesday
Jul-02-2025
Asian markets ended mixed on Wednesday as US President Donald Trump hinted at higher tariffs on certain countries after the July 9 deadline and Senate Republicans narrowly advanced his tax and spending bill, which risks a $3 trillion deficit before Trump's term concludes. Meanwhile, investors awaited US payroll data and assessed US Federal Reserve Chair Jerome Powell's cautious stance on interest rate cuts. Japanese shares declined after Donald Trump criticized Japan's trade policies and threatened to raise import tariffs on the country to 30-35%. Chinese shares fell, with tech shares leading the decline following profit booking amid ongoing global trade tensions. Hong Kong shares gained as traders returned from a holiday.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,454.79

-2.96

-0.09

Hang Seng

24,221.41

149.13

0.62

Jakarta Composite

6,881.24

-34.12

-0.49

KLSE Composite

1,550.21

8.68

0.56

Nikkei 225

39,762.48

-223.85

-0.56

Straits Times

4,010.77

21.01

0.52

KOSPI Composite

3,075.06

-14.59

-0.47

Taiwan Weighted

22,577.74

24.02

0.11


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