Trump's Tariff Updates Shake Asian Stock Markets

Market optimism in Asia was dampened by Trump’s tariff updates, including a 35% tariff on Canada and a potential 20% blanket tariff on other countries. Asian stocks traded mixed, with the ASX failing to sustain gains and Japanese markets seeing choppy price action. Chinese markets were up despite trade uncertainty. UK GDP contracted by 0.1% in May, missing expectations and pointing to a likely decline in Q2. European stocks fell as Trump expanded the trade war, with the DAX retreating toward 24000. Bitcoin surged, hitting a record high of 117,685.96. Economic data releases are quiet, with focus on trade deal developments.

Read more at Investing.com: Asian Stocks Fail to Hold Gains as Trump Revives Trade War Fears