Asia-Pacific markets trade mixed after Trump rules out tariff deadline extension

Japanese and South Korean stocks ended the time higher.

Japan's Nikkei 225 benchmark added 0.33% to adjacent astatine 39,821.28, portion the broader Topix scale accrued by 0.41% to 2,828.16.

The champion performing stocks successful the Nikkei 225 scale were Sumitomo Pharma which surged 7.72%, Omron Corp which gained 6.65% and Nissan Chemical which roseate 6.01%.

Meanwhile, South Korea's Kospi index accrued by 0.6% to adjacent astatine 3,113.74 portion the small-cap Kosdaq added 0.78% to 790.36.

— Amala Balakrishner

Australian stocks

Indian stocks fell astatine the unfastened connected Wednesday, amid mixed commercialized successful the different cardinal indexes successful Asia-Pacific.

The 50-stock benchmark Nifty 50 moved down 0.13% portion the Sensex scale dropped 0.17% arsenic astatine 11.50 a.m. Singapore time.

Nifty 50 Index

Elsewhere, Japan's Nikkei 225 benchmark was level portion the broader Topix scale added 0.34%.

In South Korea, the Kospi index accrued by 0.46%, portion the small-cap Kosdaq precocious by 0.54%.

Hong Kong's Hang Seng Index fell 0.78% portion the mainland's CSI 300 index roseate 0.34% successful choppy trade.

Over successful Australia, the S&P/ASX 200 benchmark fell 0.32%.

— Amala Balakrishner

South Korean defence stocks rallied Wednesday pursuing U.S. President Donald Trump's comments that the state should beryllium paying for its ain subject protection.

"South Korea is making a batch of money, and they're precise good. They're precise good, but, you know, they should beryllium paying for their ain military," Trump reportedly told the media astatine a gathering of his Cabinet astatine the White House.

"It's precise unfair. We proviso the militaries to galore precise palmy countries," helium added.

Gains were led by SNT Dynamics and LIG Nex1 which surged 9.45% and 8.21%, respectively, arsenic of 11.55 a.m. section time.

Strong moves were besides seen successful Poongshan which gained 5.32%, Firstec which roseate 5.19% and Hyundai Rotem which precocious 4.77%.

— Amala Balakrishner

Investors person been keeping a adjacent ticker connected U.S. President Donald Trump's tariff deadlines connected countries.

This, however, makes for an "unhelpful distraction diverting attraction distant from greater underlying geo-economic threats," Vishnu Varathan, caput of Macro Research, Asia ex-Japan astatine Mizuho Securities says.

The levy deadlines "distract from acold much consequential, and expedient, sectoral tariffs, which arguably reverberate crossed planetary concern eco-systems," helium wrote successful a Wednesday note.

They are besides a "bait and switch" hazard arsenic sectoral tariffs whitethorn inactive measurement connected regions, "regardless of 'reciprocal commercialized deals'," helium added. For instance, sectoral tariffs could deed equities from a peculiar assemblage otherwise crossed countries based connected the commercialized woody it has with the U.S.

Looking ahead, Varathan said that a existent "danger" is underestimating the fallout when, alternatively than if, China hits back.

"Asia mostly is much vulnerable, fixed dependence connected some U.S. and China casting a shadiness connected sustained AXJ [Asia-ex Japan] buoyancy done further tariff shifts. ASEAN successful peculiar whitethorn consciousness much acute compression betwixt China and U.S.," helium explained.

— Amala Balakrishner

Australian golden mining stocks saw important declines Wednesday arsenic prices of the bullion hovered astir the flatline connected uncertainties implicit U.S. President Donald Trump's tariff plans.

Spot golden was level against the dollar astatine $3,300.88 per ounce, arsenic of 10.01 a.m. Singapore time.

Losses among Australian miners were led by Evolution Mining, which plunged 8.80%.

Declines were besides seen successful Kingsgate Consolidated which fell 6.35%, Bellevue Gold, which retreated by 5.70%, Newmont Corporation which dropped 5.14%.

— Amala Balakrishner

Chinese and Hong Kong-listed stocks started the time little Wednesday amid mixed trading successful different cardinal Asia-Pacific markets.

As of 9.40 a.m. section time, Hong Kong's Hang Seng Index had fallen 0.83% portion the mainland's CSI 300 index was flat.

The moves travel arsenic China's shaper terms scale plunged 3.6% successful June from a twelvemonth earlier, marking its largest diminution successful astir 2 years. Meanwhile, its user terms scale edged 0.1% higher successful June from a twelvemonth ago.

Elsewhere, Japan's Nikkei 225 benchmark had fallen 0.15% portion the broader Topix scale ticked up 0.19%.

In South Korea, the Kospi index added 0.43% portion the small-cap Kosdaq moved up 0.44%.

Over successful Australia, the S&P/ASX 200 benchmark fell 0.43%.

— Amala Balakrishner

Copper prices slipped connected Wednesday aft U.S. President Donald Trump announced a 50% tariff connected exports of the metallic to the U.S.

The three-month benchmark copper futures connected the London Metal Exchange was down 0.35% astatine $9,829.50 a ton arsenic of 8.45 a.m. Singapore time.

Analysts astatine Citi Investment Research see this a "turning constituent for the copper market, which tin catalyze imminent downside successful ex-US pricing and dispersed tightness."

"The clarity astir tariff implementation timing is cardinal for ex-U.S. pricing arsenic it ends the impermanent and important gully connected ex-U.S. carnal units to the U.S. observed successful caller months," they wrote successful a Wednesday note.

The analysts foresee a pullback successful copper futures traded extracurricular the U.S., with prices expected to driblet to astir $8,800 per ton wrong the adjacent 3 months.

— Amala Balakrishner

Asia-Pacific markets started the time mixed Wednesday.

As of 8.11 a.m. Singapore time, Japan's Nikkei 225 benchmark added 0.33% portion the broader Topix scale ticked up 0.17%.

In South Korea, the Kospi index was level portion the small-cap Kosdaq moved up 0.29%.

Over successful Australia, the S&P/ASX 200 benchmark fell 0.26%.

— Amala Balakrishner

Good greeting from Singapore.

Investors volition besides beryllium keeping a adjacent ticker connected a slew of information points from China today, including the shaper terms scale for June. Economists polled by Reuters expect the fig to declaration by 3.2% twelvemonth connected year, compared with the 3.3% diminution successful the period before. Meanwhile, the country's user terms ostentation speechmaking is forecast to travel successful level twelvemonth connected year, from a 0.1% diminution successful May.

Japan's benchmark Nikkei 225 was acceptable to unfastened higher, with the futures declaration successful Chicago astatine 40,055 portion its counterpart successful Osaka past traded astatine 39820, against the index's Tuesday adjacent of 39,688.81.

Futures for Hong Kong's Hang Seng index stood astatine 24,102 pointing to a stronger unfastened compared to the HSI's past adjacent of 24,148,07.

Australia's S&P/ASX 200 was besides acceptable to commencement the time little with futures tied to the benchmark astatine 8,571, compared to its past adjacent of 8,590.70.

U.S. banal futures were small changed successful aboriginal Asian hours arsenic investors show the latest Trump's tariff updates.

Overnight stateside 2 of the 3 cardinal benchmarks connected Wall Street ended adjacent the flatline.

The broad-based S&P 500 benchmark inched down 0.07%, ending astatine 6,225.52, portion the Nasdaq Composite added 0.03% and closed astatine 20,418.46. The Dow Jones Industrial Average slipped 165.60 points, oregon 0.37%, settling astatine 44,240.76.

— Amala Balakrishner, Lisa Kailai Han and Sarah Min