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Asian markets trade mixed in early deals on Tuesday

08 Apr 2025 Evaluate
Asian markets traded mixed in early deals on Tuesday, due to broader uncertainty in investor sentiment, with investors looking for clarity on trade policies and their potential economic impacts. Some markets are rebounding from previous losses, others are still feeling the impact of heavy selling and mixed cues from Wall Street. The threat of a 50% tariff on US imports from China has led to increased volatility, causing some indices to rise while others continue to decline. Japan’s Nikkei advanced significantly amidst optimism over potential negotiations between the US and Japan. Bucking the trend, Indonesia's Jakarta Composite Index fell the most among Asian indices of over 9% following a circuit breaker, reflecting the negative sentiment in the region.

Nikkei 225 surged by 1,718.40 points or 5.52% to 32,854.98, KOSPI Index increased by 5.98 points or 0.26% to 2,334.18, Hang Seng soar by 312.48 points or 1.55% to 20,140.78 and Shanghai Composite up by 28.19 points or 0.90% to 3,124.77.

On the flip side, Straits Times fell by 54.85 points or 1.55% to 3,485.65, Jakarta Composite tumbled by 505.30 points or 7.76% to 6,005.32, Taiwan Weighted declined by 855.97 points or 4.45% to 18,376.38, and FTSE Bursa Malaysia KLCI was down by 1.01 points or 0.07% to 1,442.79.

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