Asian stocks mixed as Trump tariff deadline nears, South Korea up, Japan down
From Financial Modeling Prep: 2025-07-01 05:37:00
Most Asian stock markets rose on Tuesday, despite trade tensions ahead of a July 9 tariff deadline set by Trump. South Korea’s KOSPI surged 1.6%, led by Samsung Electronics, while Japan’s Nikkei 225 fell 1% after Trump threatened fresh tariffs on Tokyo.
Samsung Electronics lifted South Korea’s market with a nearly 2% increase, reflecting strong tech momentum and making it one of the most actively traded stocks in Asia.
Japan’s Nikkei 225 dropped 1% after Trump criticized Japan for not opening up to U.S. rice exports, causing broader concern over potential tariff retaliation.
China’s Shanghai Composite and CSI 300 rose, Australia’s ASX 200 and Singapore’s STI added gains, while India’s Nifty 50 futures remained flat.
Economic data, including China’s Caixin Manufacturing PMI, supported regional sentiment amid easing trade tensions and reopened talks with Canada.
Trump’s trade leverage strategy shifted market optimism, with focus on Japan’s stance on rice imports and the July 9 tariff deadline for trade deals.
Investors are watching for late-stage trade concessions from Japan, tech stock performance, and macro data from China, India, and ASEAN to shape future rate policy.
Asian equities show resilience, but political risk remains high as the tariff deadline approaches. Real-time economic indicators and equity tracking can help navigate this uncertain geopolitical landscape.
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