Asian markets traded mixed on Wednesday as investors assessed the impact of new U.S. tariff threats and interest rate decisions from Australia and New Zealand.
Japan Sees Modest Losses Amid Trade Deficit
🇯🇵 Nikkei 225 closed 0.27% lower at 39,164.61, while the Topix declined 0.3% to 2,767.25.
The country reported a two-year high trade deficit, adding pressure on investor sentiment.
Business confidence among Japanese manufacturers improved for the second consecutive month, with the Reuters Tankan index rising to +3, its highest level since November.
South Korea and China Post Gains, While India Trades Flat
🇰🇷 Kospi rallied 1.7% to 2,671.52, while the Kosdaq advanced 0.6% to 778.27.
🇨🇳 CSI 300 gained 0.7% to 3,940.16, while 🇭🇰 Hong Kong’s Hang Seng Index dipped 0.14% to 22,944.44.
🇮🇳 Nifty 50 and BSE Sensex were flat in late trade, ending their recent losing streak.
Rate Cuts in Australia and New Zealand
🇦🇺 S&P/ASX 200 fell 0.73% to 8,419.20 following a 25bps rate cut by the Reserve Bank of Australia (RBA), bringing interest rates down to 4.10%—its first reduction since November 2020.
🇳🇿 The Reserve Bank of New Zealand (RBNZ) reduced rates by 50bps to 3.75%, marking its fourth consecutive cut as economic growth slows.
📉 The New Zealand dollar weakened 0.51% to 0.5728 against the U.S. dollar following the decision.
Market Outlook
Asian equities remain volatile as investors weigh the implications of potential U.S. tariffs on key industries and monetary policy shifts. Markets are expected to remain sensitive to global trade developments and economic data releases in the coming weeks.
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