Stock markets in Asia were mixed overnight, as investors digested US president Donald Trump\u2019s latest trade announcements, which included a 50% tariff on copper and soon-coming levies on semiconductors and pharmaceuticals.<\/p>\n
The Nikkei (^N225<\/a>) rose 0.3% on the day in Japan, while the Hang Seng (^HSI<\/a>) fell 1.1% in Hong Kong. The Shanghai Composite (000001.SS<\/a>) was 0.1% down by the end of the session.<\/p>\n In South Korea, the Kospi (^KS11<\/a>) added 0.6% on the day.<\/p>\n It comes as Japan and South Korea are among major US trading partners in the region facing a 1 August deadline to reach a trade deal or be subjected to new tariff rates, although Trump has sent mixed signals on how flexible that date is.<\/p>\n On Monday, Trump said it was \u201cfirm, but not 100% firm\u201d before hardening his stance on Tuesday by saying, \u201cno extensions will be granted\u201d.<\/p>\n Elsewhere, the latest inflation data from China was released overnight, which showed producer prices were down 3.6% year-on-year (compared to an expected 3.2% fall). That\u2019s a 33rd consecutive month of declining prices, and the biggest rate of decline in 23 months.<\/p>\n However, consumer prices unexpectedly rose 0.1%, marking the first inflationary reading since January.<\/p>\n Across the pond on Wall Street, the Dow Jones (^DJI<\/a>) fell 0.4%, to 44,240.76, the S&P 500 (^GSPC<\/a>) fell 0.1%, to 6,225.52, edging back for a second day, and tech-heavy Nasdaq (^IXIC<\/a>) was flat at 20,418.46.<\/p>\n Meanwhile, the US dollar traded close to a two-and-a-half week high while copper hit an all-time peak overnight after Donald Trump broadened his global trade war.<\/p>\n In the bond market, the yield on 10-year US Treasury notes rose to 4.410%, from 4.383% late on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"Stock markets in Asia were mixed overnight, as investors digested US president Donald Trump\u2019s latest trade announcements, which…\n","protected":false},"author":2,"featured_media":250795,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[32,1880,49,978,659,1018],"class_list":{"0":"post-250794","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-donald-trump","9":"tag-ftse-100","10":"tag-united-states","11":"tag-us","12":"tag-usa","13":"tag-white-house"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114823393898282078","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/250794","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=250794"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/250794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/250795"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=250794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=250794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=250794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}