Asian markets trade mixed amid concerns about global trade war

From Nasdaq: 2025-02-04 22:17:53

Asian stock markets are trading mixed on Wednesday amid concerns about a global trade war. Australian shares are notably higher, led by gains in mining and energy stocks. The Nikkei 225 in Japan is slightly lower after opening in the green. In other news, Tower and Insignia Financial see surges in their share prices. Crude oil prices fell on Tuesday. On Wall Street, stocks moved mostly higher, with the tech-heavy Nasdaq leading the charge. Major European markets turned in a mixed performance. The U.S. dollar is trading in the lower 153 yen-range.

In Australia, the benchmark S&P/ASX 200 is up 0.57 percent to 8,421.50, with gains across most sectors. Among major miners, BHP Group, Rio Tinto, Fortescue Metals, and Mineral Resources are all seeing gains. Oil stocks are also higher, with Woodside Energy and Origin Energy posting gains. In Japan, the Nikkei 225 closed the morning session down 0.18 percent. Market heavyweight SoftBank Group and automaker Honda are among the gainers, while tech stocks like Screen Holdings are losing. The Japanese services sector expanded in January with a PMI score of 53.0. Hong Kong is down 1.1 percent, while Taiwan and South Korea are up. On Wall Street, the Nasdaq led the charge with a 1.4 percent gain. Major European markets had a mixed performance. Crude oil prices fell on Tuesday.

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