Asia-Pacific markets mostly rose Wednesday after Wall Street rose overnight, shrugging off Trump tariffs and China’s retaliatory measures.
In Japan, the Nikkei 225 gained 33.11 points, or 0.1%, to 38,831.28
In Hong Kong, the Hang Seng index dumped 192.87 points, or 0.9%, to 20,597.09.
Korean markets moved upward as the country’s consumer price index for January rose 0.7% month on month and 2.2% annually — more than Reuters’ 1.97% estimate.
CHINA
All eyes are on China, which resumed trading after the Lunar New Year holidays and as the Chinese government announced tariffs on U.S. imports in retaliation to duties on its exports.
Chinese markets lost 22 points, or 0.6%, to 3,795.08.
China’s Caixin Services PMI came in at 51.0 in January, compared with December’s 52.2 reading, showing a slowdown in the country’s services activity.
In other markets
In Taiwan, the Taiex index shot ahead 367.62 points, or 1.6%, to 23,161.58.
In Singapore, the Straits Times index subsided 7.64 points, or 0.2%, to 3,815.37
In Korea, the Kospi index collected 27.58 points, or 1.1%, to 2,509.27.
In New Zealand, the NZX 50 lost 60.46 points, or 0.5%, to 12,844.59
In Australia, the ASX 200 recovered 42.89 points, or 0.5%, to 8,416.87
