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Asia-Pacific markets open mostly higher, shrugging off Trump tariff fears
Wednesday, 5 March 2025 07:16 WIB | MARKET UPDATE |Bursa Asia

Asia-Pacific markets opened mostly higher Wednesday amid worries over U.S. President Donald Trump's tariffs and escalating global trade tensions.

Australia's S&P/ASX 200 fell 0.73%.

Japan's Nikkei 225 added 0.25% while the Topix rose 0.28%. South Korea's Kospi climbed 1.09% while the small-cap Kosdaq advanced 1.26%.

Futures for Hong Kong's Hang Seng index were at 23,014, higher than the HSI's last close of 22,941.77.

Investors will be looking out for announcements coming out of China's "Two Sessions," an annual parliamentary gathering which began on Tuesday, where Beijing is poised to outline economic measures including its growth target for the year.

The meeting of its top legislature, the National People's Congress, is scheduled to open on Wednesday.

Trump's 25% tariffs on goods from Mexico and Canada took effect Tuesday. The president also imposed an additional 10% duty on Chinese goods, bringing the total new tariffs on China to 20%.

Australia is also set to release its fourth-quarter GDP later in the day.

Source: CNBC

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