Asia-Pacific โMarkets Waver Amid SCO Meeting,โข Tariff โขRuling
HONG KONG โ- Asia-pacific marketsโ presented a mixed picture Tuesdayโ as investors digested developments from teh shanghai Cooperationโค Institution (SCO) summit in Tianjin and โreacted too a U.S.โ court ruling onโข tariffs.โ The session unfolded as September began, a historically volatile month for equities.
A โคU.S. โfederal appeals court on Friday โpersistent that most of President โฃDonald Trump’s global tariffs are unlawful, introducing fresh uncertainty โขinto international trade.โฃ Simultaneously, โU.S. โขPresidentโ Trump stated via Truth Social that โคIndia had offered to reduce its tariffs on U.S.imports to zero, adding, “They have now โoffered to cut their Tariffs to nothing,โค but it’s getting late. They should have done โso years ago,” and characterizing the U.S.-India relationship as “one sided.”
Japan’sโข Nikkei 225 climbed 0.59%, and the Topix index โขgained 0.66%. South Korea’s Kospi rose 0.73%, withโข theโ Kosdaq adding 0.49%. South โฃKorean consumer prices increased 1.7% year-on-year โขin August, slowing โfrom 2.1% โคin Julyโ – a pace weaker โthan theโค 2% โforecast by Reuters economists.
Hong Kong’s โฃHang Seng index remained flat, while mainland China’s CSI 300 edged down 0.1%. Australia’s S&P/ASXโ 200 also finished unchanged. Australia’s current account balance โshowed a deficit ofโข AU$13.7 billion ($8.97 billion) forโฃ theโ April-June quarter, improving from the previous quarter’s AU$14.7 billion โdeficit but falling short โคof theโฃ anticipated AU$16 billion deficit.
U.S. โequity futures were little changed in early Asian trading. โฃU.S. โคmarkets remain closed Monday for the Labor Dayโข holiday.
