Asian markets settled mostly down on Wednesday tracking Wall Streets’ fall overnight on concerns over the tariffs war between the US and China after the White House confirmed 104% tariff on China, effective today, following China retaliatory measures against the US. Chinese shares rose amid growing speculation that authorities will roll out stimulus to shield the economy from Trump‘s tariffs. Market participants closely watch further insights into the Fed’s monetary policy outlook ahead to the minutes from the Federal Reserve’s latest policy meeting due today, along with consumer inflation data on Thursday and the producer price report on Friday.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,186.81 | 41.26 | 1.29 |
| Hang Seng | 20,264.49 | 136.81 | 0.68 |
| Jakarta Composite | 5,967.99 | -28.15 | -0.47 |
| KLSE Composite | 1,400.59 | -42.97 | -2.98 |
| Nikkei 225 | 31,714.03 | -1,298.55 | -4.09 |
| Straits Times | 3,393.69 | -75.78 | -2.23 |
| KOSPI Composite | 2,293.70 | -40.53 | -1.77 |
| Taiwan Weighted | 17,391.76 | -1,068.19 | -6.14 |
