Asia-Pacific markets mostly fell Thursday, with investors assessing the fall in Japan's exports for the second consecutive month, as well as U.S. President Donald Trump's denial of his intent to fire Jerome Powell as Federal Reserve chairman.
The U.S. President on Wednesday denied the possibility of such a move, hours after he told a room full of Republican lawmakers that he would fire Powell.
"We're not planning on doing it," he said at a meeting with Bahrain's Crown Prince Salman bin Hamad Al Khalifa at the White House. "I don't rule out anything," he added, "but I think it's highly unlikely, unless he has to leave for fraud."
Trump also reiterated at the same meeting that a 25% tariff would apply to Japanese imports, saying he does not expect to reach a broader deal with the country.
Source: CNBC
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