Asian markets showed mixed performance on Wednesday as investor sentiment remained cautious amid US rate cut expectations and trade tensions driven by President Donald Trump’s tariff deadline.
Japan’s Nikkei 225 index led the decline in the region, falling 0.98% or 392.61 points to close at 39,593.72, weighed down by losses in technology stocks. South Korea’s KOSPI followed with a 1.13% drop, ending the session at 3,054.69.
On the other hand, Hong Kong’s Hang Seng Index (HSI) bucked the trend, climbing 0.67% or 161.97 points to 24,234.25, supported by gains in property and financial stocks.
China’s Shenzhen Component Index slipped 0.43%, while the Shanghai Composite managed a marginal gain of 0.03%.
Australia’s ASX 200 index rose 0.37%, and Singapore’s Straits Times Index (STI) gained 0.35%.
The SGX-CNBC China Growth Index fell 0.39%, closing at 11,226.32.
Broader market sentiment remains driven by US Federal Reserve’s upcoming policy moves, with traders also monitoring the upcoming OPEC+ meeting and US June payroll data due Thursday.
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