Asian markets witnessed notable fluctuations during today’s session, influenced by the changing trade policies of the United States. Australian and Malaysian stocks declined as concerns over global trade intensified, particularly after the U.S. President announced an increase in tariffs on Canadian steel and aluminum to 50%, only to later retract the decision. This instability fueled uncertainty in the markets, prompting widespread sell-offs by investors.
In China, the Shanghai Composite Index recorded a slight increase of 0.2%, while the CSI 300 Index dropped by 0.3%. On the other hand, Hong Kong’s stock exchange was negatively affected, with technology stocks facing significant pressure. Emerging markets also saw declines, as the Malaysian index fell by 1.5% and the Philippine index dropped by 1.2%, reflecting concerns over the impact of tariff changes on investment flows.
In Australia, the S&P/ASX 200 Index fell by 1.6% amid fears that the country would not be granted exemptions on steel and aluminum exports to the U.S. This coincided with a statement from the Australian Prime Minister reaffirming strong economic ties with Washington, despite sudden shifts in U.S. policies, which added to investor caution.
Conversely, South Korean and Japanese markets showed mixed movements. Technology stocks such as Samsung Electronics and SK Hynix saw gains, supported by strong demand for semiconductors. Meanwhile, Japan’s Nikkei 225 Index posted a 0.3% gain after a sharp drop in the previous session. As uncertainty over trade relations continues, investors remain on high alert for any developments that could influence global market trends in the coming days.
