Asia-Pacific markets traded mixed Wednesday aft the U.S.-China talks successful Sweden ended without a tariff truce extension Tuesday stateside. A postponement of higher duties won't beryllium last until President Donald Trump signs disconnected connected the plan, U.S. negotiators said.
U.S. Commerce Secretary Howard Lutnick also affirmed that President Donald Trump's upcoming Friday deadline to enforce major tariffs on a slew of trading partners volition not beryllium delayed further.
However, Lutnick noted that commercialized negotiations with China are progressing connected a abstracted timeline, helium said connected CNBC's "Squawk Box."
Asia markets adjacent mixed
Asia Pacific markets ended the trading time mixed.
Japan's benchmark Nikkei 225 closed level astatine 40,654.70, portion the Topix added 0.4% to extremity the trading time astatine 2,920.18.
Australia's S&P/ASX 200 closed 0.6% higher astatine 8,756.40. Mainland China's CSI 300 ended the time level astatine 4,151.24.
South Korea's Kospi added 0.74% to adjacent astatine 3,254.47.
— Nur Hikmah Md Ali
HSBC announces $3 cardinal stock buyback aft second-quarter nett plunges 29%, missing expectations
Europe's largest lender HSBC connected Wednesday missed second-quarter nett expectations, mostly connected relationship of impairment charges, according to the bank. The slope besides announced a stock buyback of $3 billion.
It reported nett earlier taxation for the 3 months ended June of $6.3 billion, down 29% from a twelvemonth ago.
Here are HSBC's second-quarter 2025 results compared with statement estimates compiled by the bank.
- Profit earlier tax: $6.3 cardinal vs. $6.99 billion
- Revenue: $16.5 cardinal vs. $16.67 billion
Operating expenses roseate by 10% compared to the aforesaid play a twelvemonth ago, and were mostly owed to restructuring and different related costs arsenic good arsenic from accrued spending and concern successful technology, the slope said.
Read the afloat communicative here.
—Lee Ying Shan
Consumers and investors are disappointed with Li Auto's caller model, accidental experts
Li Auto's shares plunging implicit 11% Wednesday is simply a reflection that consumers and investors are disappointed with the caller models, manufacture experts told CNBC.
"The marketplace absorption reflects disappointment with the Li MEGA and present the Li L8 six-seat artillery EV launches," said Bill Russo, the laminitis and CEO of Automobility. Investors are questioning the company's merchandise strategy and timing, peculiarly arsenic the axenic artillery electrical conception is becoming highly competitory and price-sensitive, helium added.
Consumers whitethorn besides beryllium disappointed that the low-end i8 variant does not person features emblematic of Li Auto cars similar in-car refrigerator and ample cinema display, said Eugene Hsiao, caput of China equity strategy astatine Macquarie.
Hanyang Wang, an expert astatine 86 Research, noted that Li Auto's deficiency of disclosure of bid measurement pursuing the motorboat of the i8 could person besides raised investors' concerns astir insufficient request for the model.
"We think the underwhelming order performance of the i8 will put sales pressure on Li Auto," helium told CNBC.
— Lee Ying Shan
Li Auto stocks plunge implicit 11% aft debuting six-seat electrical SUV
Stocks of Chinese electrical conveyance shaper Li Auto fell implicit 11% after it launched a six-seat electrical vehicle.
The Li i8 is disposable successful 3 variants — Pro, Max, and Ultra — priced astatine RMB321,800 ($44,838) RMB349,800, and RMB369,800, respectively. Customer deliveries are acceptable to statesman connected Aug. 20, 2025.
—Lee Ying Shan
Australia’s second-quarter ostentation drops to lowest since March 2021, supporting lawsuit for complaint cut
Australia's header ostentation complaint successful the 2nd 4th of the twelvemonth slipped to its lowest constituent since March 2021, coming successful astatine 2.1% twelvemonth implicit year, compared to 2.4% successful the preceding period.
This was little than the 2.2% expected by economists polled by Reuters, and is astir touching the little set of the 2%-3% people acceptable by the Reserve Bank of Australia.
On a quarter-over-quarter basis, ostentation slowed to 0.7%, compared to 0.8% expected successful the Reuters canvass and 0.9% successful the archetypal quarter.
The Australian Bureau of Statistics revealed that the astir important terms rises successful the 4th were seen successful housing, nutrient and non-alcoholic beverages and health, though a autumn successful transport costs partially offset the rise.
Read the afloat communicative here.
— Lim Hui Jie
U.S.-China commercialized talks extremity without hold of tariff truce, arsenic Trump weighs options
A imaginable hold of a tariff pause between the United States and China will not beryllium agreed to until President Donald Trump signs disconnected connected the plan, U.S. negotiators said Tuesday.
Trump "has last accidental connected each the commercialized deals" and the pending tariff truce, Treasury Secretary Scott Bessent told CNBC's Eamon Javers.
The remarks came aft apical commercialized officials for the 2 countries concluded talks successful Stockholm, Sweden, their 3rd circular of high-level discussions since May.
"We're going to caput backmost to Washington, D.C. We're going to speech to the president astir whether that's thing that helium wants truthful do," U.S. Trade Representative Jamieson Greer told reporters pursuing the talks.
Read the afloat communicative here.
— Kevin Breuninger
Singapore holds monetary policy, flags slowdown successful 2nd fractional of the year
Singapore's cardinal slope warned that the city-state's system is "projected to mean successful the 2nd fractional of 2025 from its beardown gait successful [the archetypal half]," arsenic it kept its monetary argumentation unchanged.
The Monetary Authority of Singapore said it would clasp the width and level astatine which its argumentation set is centered amid commercialized concerns from the Trump administration.
"In particular, the trade-related sectors should spot immoderate pullback," the cardinal slope said successful its monetary argumentation connection connected Wednesday.
"Prospects for the Singapore system stay taxable to important uncertainty, particularly successful 2026. Changes successful effectual tariff rates worldwide could interaction the show of Singapore's externally-oriented sectors," MAS added.
Financial volatility and geopolitical shocks could deepen the interaction of the planetary slowdown and adhd unit connected Singapore's maturation outlook, MAS said.
Read the afloat communicative here.
— Lim Hui Jie
Asia-Pacific markets unfastened mixed arsenic U.S.-China commercialized truce hangs successful a limbo
Asia markets started the trading time mixed.
Japan's benchmark Nikkei 225 was level astatine the open, portion the Topix inched higher 0.1%.
South Korea's Kospi gained 0.48%, and the small-cap Kosdaq roseate 0.42%.
Australia's S&P/ASX 200 lost 0.19%.
— Lee Ying Shan
Opening calls
Happy mid-week from Singapore. Asia markets are poised for a little open.
Futures for Hong Kong's Hang Seng Index stood astatine 25,344, pointing to a weaker unfastened compared with the HSI's past adjacent of 25,524.45
Similarly, Australia's S&P/ASX 200 was acceptable to commencement the time little with futures tied to the benchmark astatine 8,662, compared with its past adjacent of 8,704.6.
Japan's benchmark Nikkei 225 was acceptable to unfastened lower, with the futures declaration successful Osaka past traded astatine 40,650 against the index's past adjacent of 40,674.55.
— Lee Ying Shan
Stocks adjacent little connected Tuesday
Stocks closed little connected Tuesday, arsenic investors crook their attraction to the Federal Reserve's involvement complaint decision.
The S&P 500 slipped 0.30% to adjacent astatine 6,370.86, portion the Nasdaq Composite mislaid 0.38% to 21,098.29. The Dow Jones Industrial Average slipped 204.57 points, oregon 0.46%, to decorativeness the league astatine 44,632.99.
— Brian Evans
Tariffs volition inactive woody a stroke to economical maturation contempt caller progress, says UBS
Investors should stay vigilant and not look past the imaginable risks of tariffs, according to UBS.
"The interaction of tariffs can't beryllium overlooked adjacent though caller deals person provided greater clarity. While the 15% tariff complaint connected astir EU and Japanese goods was little than earlier threats from the U.S., the higher levies volition inactive make headwinds for growth," said Ulrike Hoffmann-Burchardi, main concern serviceman for the Americas and planetary caput of equities astatine UBS Global Wealth Management.
"While our basal lawsuit is that the resilience of the US user should assistance the U.S. system debar recession, a larger-than-expected interaction connected ostentation oregon much terrible deed to firm margins could rapidly alteration the existent optimistic marketplace narrative," she added.
— Brian Evans
English (US) ·