On July 26, 2021, people standing in front of an electronic display, showing the Hang Seng index at the Central District in Hong Kong, were barred from making profits due to China’s decision to improve private education sector by China’s decision.
Isaac Lawrence | AFP | Getty images
The Asia-Pacific markets fell on Wednesday as investors break themselves for US President Donald Trump’s country-specific tariffs which are ready to enter the midnight states.
Australia’s S&P/Asx 200 Slid 1.06%.
Japan Nikkei 225 3.14% lost in the open, While the topics traded 3.26% less. South Korean Kopy 0.18% lower while the small-cap kosadack lost 0.44%.
Hong Kong’s Hong Seng Index Futures were also weaker than HSI’s last close to 20,127.68 in 19,300.
Additional tariffs will be effective even after midnight, adding 10% baseline duty which was already implemented on Saturday. Chinese goods will now face a cumulative tariff rate of 104%, the White House confirmed.
Investors will also keep an eye on the decision of the Reserve Bank of India later during the day. According to economists voted by Reuters, India’s Central Bank today expects to cut a second direct rate, which will make its policy rate 6%.
Throughout the night in the US, three major averages closed down. Dow Jones Industrial Average declined by 320.01 points or 0.84%, and closed at 37,645.59, exceeding the four -day loss on the tariff Angast. Apple led the disadvantage to the increase with the new China tariff with the costs of the iPhone manufacturer.
The S&P 500 declined by 1.57%, which ended at 4,982.77. The index was inches away from the shutdown in a bear market, which was about 19% below its February record, and it ended the session below 5,000 for the first time since April 2024. In the last four days, S&P has fallen more than 12%.
– Hakyung Kim and Sean Conlon of CNBC contributed to this report.
