Asia-Pacific markets fell on Wednesday as investors brace themselves for U.S. President Donald Trump's country-specific tariffs that are set to come into effect midnight stateside.
Australia's S&P/ASX 200 slid 1.06%.
Japan's Nikkei 225 lost 3.14%, while the Topix traded 3.26% lower. South Korea's Kospi edged 0.18% lower while the small-cap Kosdaq lost 0.44%.
Hong Kong's Hang Seng Index fell 3.86%, while the Hang Seng Tech Index declined 5.42%.
Additional tariffs will take effect just after U.S. midnight, adding to the 10% baseline duty that was already implemented on Saturday. Chinese goods will now face a cumulative tariff rate of 104%, the White House confirmed.
Investors will also be keeping an eye out for Reserve Bank of India's decision later in the day. India' central bank is expected to deliver a second straight rate cut today, according to economists polled by Reuters, which will bring its policy rate to 6%.
Overnight in the U.S., the three major averages closed lower. The Dow Jones Industrial Average dropped 320.01 points, or 0.84%, and closed at 37,645.59, bringing its four-day loss on tariff angst to more than 4,500 points. Apple led the losses with the iPhone maker's costs set to surge with new China tariffs.
The S&P 500 declined 1.57% to end at 4,982.77. The index was inches away from closing in a bear market, down nearly 19% from its February record, and it ended the session below 5,000 for the first time since April 2024. Over the past four days, the S&P 500 has fallen more than 12%.
Source: CNBC
Asian stocks opened higher, following Friday's rise in US stocks, which fueled hopes for a year-end rally. Many investors are starting to re-enter the market after a market correction. The MSCI Asia-...
US stocks closed sharply higher on a triple-witching Friday, with the S&P 500 rising 0,9%, the Nasdaq 100 gaining 1.4%, and the Dow Jones adding more than 180 points, extending gains from the prev...
European equities closed higher on Friday, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.4% to a fresh record, boosted by expectations of further Fed rate cuts next year and fading bets that th...
European stocks opened mixed on Friday (December 19th), as investors digested a number of interest rate decisions and awaited crucial budget talks in France. Regional investors were shaken by a day f...
Asia-Pacific stock markets opened higher on Friday, as investors awaited a key decision from the Bank of Japan (BOJ). Markets expect the BOJ to raise interest rates to 0.75%, the highest level since 1...
Hong Kong stocks rallied in Monday morning trading. The Hang Seng rose 71 points, or 0.3%, to 25,762, its highest level in more than a week and its fourth consecutive session of gains. This strengthening followed positive sentiment on Wall Street....
Hong Kong stocks rallied in Monday morning trading. The Hang Seng rose 71 points, or 0.3%, to 25,762, its highest level in more than a week and its fourth consecutive session of gains. This strengthening followed positive sentiment on Wall Street....
Gold strengthened on Monday, December 22, 2025, during the Asian session, rising about 1% to $4,384 per ounce, setting an all-time high. This increase was driven by increased interest in safe-haven assets amid rising geopolitical tensions, as well...
European stocks opened mixed on Friday (December 19th), as investors digested a number of interest rate decisions and awaited crucial budget talks...
European equities closed higher on Friday, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.4% to a fresh record, boosted by expectations of...
US stocks closed sharply higher on a triple-witching Friday, with the S&P 500 rising 0,9%, the Nasdaq 100 gaining 1.4%, and the Dow Jones adding...
President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the...