Asian markets settled mostly down on Thursday as doubts over a de-escalation in the US-China trade war persisted after US Treasury Secretary Scott Bessent said there were no plans for US President Donald Trump to move first in lowering tariffs to ease Sino-US tensions, echoing comments from White House spokesperson Karoline Leavitt that there will be no unilateral reduction in tariffs against China. Hong Kong shares declined, led by technology shares. Although, Japanese shares gained on potential tariff negotiations between Japan and the United States. Chinese shares gained marginally after China issued the first batch of special sovereign bonds for 2025 as part of the stimulus announced by authorities to soften the blow from simmering trade tensions with the United States.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,297.29 | 0.93 | 0.03 |
| Hang Seng | 21,909.76 | -162.86 | -0.74 |
| Jakarta Composite | 6,613.48 | -20.90 | -0.32 |
| KLSE Composite | 1,506.52 | 5.33 | 0.36 |
| Nikkei 225 | 35,039.15 | 170.52 | 0.49 |
| Straits Times | 3,831.92 | -0.40 | -0.01 |
| KOSPI Composite | 2,522.33 | -3.23 | -0.13 |
| Taiwan Weighted | 19,478.81 | -160.33 | -0.82 |
