A HDR evening shot taken at sunset of the Tokyo skyline.<\/p>\n
Fgm | E+ | Getty Images<\/p>\n
Asia-Pacific markets fell Friday, with a slowing U.S. economy, inflation fears and uncertainties from the judicial developments<\/a> surrounding U.S. President Donald Trump’s “reciprocal” tariffs weighing on investor sentiment.<\/p>\n The U.S. Court of International Trade ruled on Wednesday night that Trump\u00a0had overstepped his authority<\/a>\u00a0when he imposed his\u00a0“reciprocal” tariffs<\/a>. The court ordered that the challenged tariff orders be vacated.<\/p>\n However, the Trump administration filed a notice of appeal shortly after the judgment, and an appeals court\u00a0reinstated the levies<\/a>\u00a0on Thursday afternoon. The administration said it\u00a0could ask the Supreme Court<\/a>\u00a0as early as Friday to pause the federal court’s original ruling if necessary.<\/p>\n Investors are keeping a close watch on Tokyo’s core inflation reading\u00a0for April\u00a0to assess how it may affect the Bank of Japan’s decision whether to hike rates again this year amid the ongoing tariff uncertainty.<\/p>\n The reading, which captures consumer costs excluding fresh food,\u00a0moved up to 3.6% from a year ago,\u00a0its highest level since January 2023.<\/p>\n The reading, which captures consumer costs excluding fresh food, was expected to rise 3.5%, according to economists polled by Reuters, compared to 3.4% the month prior.<\/p>\n Japan’s benchmark\u00a0Nikkei 225<\/a>\u00a0started the day 1.55% lower while the broader Topix index fell 1%.<\/p>\n In South Korea, the\u00a0Kospi<\/a>\u00a0index opened 0.4% lower,\u00a0while the small-cap Kosdaq moved down 0.44%.<\/p>\n Over in Australia, the\u00a0S&P\/ASX 200<\/a>\u00a0dropped 0.2%.<\/p>\n Futures for Hong Kong’s Hang Seng index<\/a> stood at 23,297, pointing to a weaker open compared to the HSI’s last close of 23,573.38.<\/p>\n U.S. futures were little changed as investors await more trade news and fresh inflation data<\/a>.<\/p>\n Overnight stateside, all three key benchmarks on Wall Street rose, even as gains were curtailed by caution around the court rulings on Trump’s “reciprocal tariffs.”<\/p>\n The S&P 500<\/a>\u00a0moved up thanks to strong moves in chipmaker\u00a0Nvidia<\/a>. The broad-based index ended the day higher by 0.4% at 5,912.17 despite climbing as much as 0.9%.<\/p>\n Meanwhile, the\u00a0Nasdaq Composite<\/a>\u00a0advanced 0.39% to 19,175.87, also well off its highest intraday gain of 1.5%. The\u00a0Dow Jones Industrial Average<\/a>\u00a0added 117.03 points, or 0.28%, to finish at 42,215.73.<\/p>\n \u2014 CNBC’s Alex Harring and Pia Singh contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"A HDR evening shot taken at sunset of the Tokyo skyline. Fgm | E+ | Getty Images Asia-Pacific…\n","protected":false},"author":2,"featured_media":142836,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[21351,15193,186,21344,21350,4959,51,3085,7989,10294,4750,21346,21342,21347,2441,3742,21349,8572,16678,3741,21348,10741,21341,16,15,21345,2726,21343],"class_list":{"0":"post-142835","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-arm-holdings-plc","9":"tag-asia-economy","10":"tag-australia","11":"tag-australian-dollar-us-dollar-fx-spot-rate","12":"tag-breaking-news-asia","13":"tag-breaking-news-markets","14":"tag-business","15":"tag-business-news","16":"tag-dow-jones-industrial-average","17":"tag-dxy-us-dollar-currency-index","18":"tag-economic-events","19":"tag-hang-seng-index","20":"tag-ice-brent-crude-apr23","21":"tag-kospi-index","22":"tag-markets","23":"tag-nasdaq-composite","24":"tag-nikkei-225-index","25":"tag-nvidia-corp","26":"tag-prices","27":"tag-sp-500-index","28":"tag-sp-asx-200","29":"tag-shanghai","30":"tag-shenzhen-component-index","31":"tag-uk","32":"tag-united-kingdom","33":"tag-usd-jpy","34":"tag-world-markets","35":"tag-wti-crude-mar23"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114594160527857990","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/142835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=142835"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/142835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/142836"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=142835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=142835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=142835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}