Asia-Pacific markets traded mixed Monday as investors assessed U.S. President Donald Trump’s postponement of 50% tariffs on European Union imports.
In Japan, the Nikkei 225 popped 371.06 points, or 1%, to 37,531.53.
In Hong Kong, the Hang Seng waned 318.93 points, or 1.4%, to 23,282.33.
South Korea’s index closed at its highest level since Feb. 24.
Trump’s fresh tariff threats have rattled markets “after a period of relative calm, during which markets had priced in a more constructive outlook for trade negotiations,” said one expert.
In other markets
In China, the CSI 300 inched back 22.16 points, or 0.6%, to 3,860.11.
In Korea, the Kospi index recovered 52.31 points, or 2%, to 2,644.40
In Taiwan, the Taiex Index slid 115.67 points, or 0.5%, to 21,536.57.
In Singapore, the Straits Times index hesitated 6.82 points, or 0.2%, to 3,875.60
In New Zealand, the NZX 50 stumbled 49.27 points, or 0.4%, to 12,547.22.
In Australia, the ASX 200 eked higher 0.14 points, or 0.2%, to 8,361.02
