Asian shares mixed as Trump threatens tariffs on EU and China, dollar steady, Japanese markets rally.

From Nasdaq: 2025-01-22 03:41:00

Asian stocks closed mixed as Chinese and Hong Kong markets fell sharply after Trump threatened tariffs on the EU and China to address trade imbalances and fentanyl trafficking. The dollar held steady while gold remained above $2,750 per ounce and oil declined due to concerns of oversupply. Japanese markets rallied on news of a major $500 billion AI infrastructure project. SoftBank Group Corp shares surged. Seoul stocks hit two-month highs on tech firm optimism. Australian markets rose for a third straight session. New Zealand’s S&P/NZX-50 index slipped. U.S. stocks ended higher on rate-cut optimism and benign tariff announcements.



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