Jackal Pan | Moment | Getty Images
Asia-Pacific markets swung betwixt gains and losses Tuesday arsenic investors assessed U.S. President Donald Trump's latest tariff threats connected 14 trading partners.
Goods exported to the U.S. from Japan, South Korea, Malaysia, Kazakhstan and Tunisia are present acceptable to look 25% tariffs starting Aug. 1, according to the letters Trump posted connected Truth Social.
Other Asia-Pacific markets facing higher tariffs see Indonesia, which volition beryllium deed with a 32% levy, Bangladesh, which was slapped with a 35% duty, arsenic good arsenic Cambodia and Thailand, which are acceptable for 36% tariff rates, the president's letters indicated.
Meanwhile, imports from Laos and Myanmar volition look a 40% duty, Trump's letters posted connected Truth Social showed.
Economists astatine Citi Economics Research recovered the exclusion of regions specified arsenic Taiwan, India, the Philippines, Sri Lanka and Pakistan interesting.
"EM [emerging market] economies wherever we are hopeful for a model statement are India & Taiwan, perchance Israel, fixed PM [Prime Minister Benjamin] Netanyahu-President Trump meeting," the economists wrote successful a Tuesday flash note.
In notation to U.S. Treasury Secretary Scott Bessent's comments that astir 100 letters volition beryllium sent to smaller countries "where we don't person overmuch trade," the economists were hopeful that those that person yet to person letters "could get minimum 10% baseline tariff."
Analysts astatine Barclays, meanwhile, accidental "one should not beryllium surprised" if much letters are sent retired successful the coming days. The surprise, however, is if "revisions to the tariff rates are large," they wrote successful a Tuesday note.
"While these tariff rates would — if implemented connected 1 August — connote downside risks to our GDP maturation forecasts, the caller deadline besides implies an hold to let much clip for negotiations," they added.
Japan's Nikkei 225 benchmark ended the time 0.26% higher astatine 39,688.81 portion the broader Topix scale moved up 0.17% to 2,816.54.
In South Korea, the Kospi index accrued by 1.81% to adjacent astatine 3,114.95 portion the small-cap Kosdaq added 0.74% to 784.24.
Mainland China's CSI 300 index precocious 0.84% to extremity the time astatine 3,998.45 portion Hong Kong's Hang Seng Index increased by 1.09% to 24,148.07.
Over successful Australia, the S&P/ASX 200 benchmark ended the time level astatine 8,590.70 aft the Reserve Bank of Australia unexpectedly stood pat on involvement rates astatine 3.85%.
Meanwhile, India's benchmark Nifty 50 and the BSE Sensex were level arsenic of 1.50 p.m. Indian Standard Time.
— CNBC's Kevin Brueninger, Lisa Kailai Han and Sarah Min contributed to this report.
Nissan shares plunge implicit 6% pursuing reports of $4 cardinal enslaved sales
Shares of Nissan Motor plunged arsenic overmuch arsenic 6.2% Tuesday, extending losses for the 3rd consecutive session.
This comes arsenic the Japanese automaker plans to merchantability $4 cardinal worthy of U.S. dollar- and euro-denominated elder unsecured bonds, Reuters reported citing word sheets it had reviewed.
Shares successful Nissan
Reuters antecedently reported that Nissan had asked immoderate suppliers to let it to defer payments to escaped up immoderate short-term funds.
According to the quality agency, Nissan is looking to merchantability five-, seven- and 10-year dollar bonds and rise astatine slightest $750 cardinal successful each tranche.
Nissan reportedly told imaginable investors that the coupon for the five-year tranche volition beryllium successful the mid-7% region, portion that for the seven-year and 10-year tranches would beryllium successful the high-7% and low-8% band, respectively, Reuters said citing the word sheets it saw.
— Amala Balakrishner, Reuters
Australian dollar strengthens portion stocks diminution aft RBA stands pat connected involvement rates
The Australian dollar strengthened by 0.97% against the greenback to 0.6546 arsenic of 2.30 p.m. Australian Eastern Standard Time connected Tuesday, aft the Reserve Bank of Australia unexpectedly stood pat connected involvement rates astatine 3.85% astatine the extremity of its two-day monetary argumentation meeting.
Meanwhile, the S&P/ASX 200 benchmark fell 0.29%.
S&P/ASX 200
— Amala Balakrishner
Tech stocks successful Hong Kong clasp dependable for 2nd day
Hang Seng Tech ETF
— Amala Balakrishner
Indian stocks muted successful aboriginal trade
Movements successful Indian stocks were muted successful aboriginal commercialized Tuesday, arsenic the different cardinal indexes successful Asia-Pacific swung betwixt gains and losses.
The 50-stock benchmark Nifty 50 was level portion the Sensex scale ticked up 0.12% arsenic astatine 9.40 a.m. section time.
Nifty 50 Index
— Amala Balakrishner
Singapore stocks widen rally to deed caller all-time highs
Singapore's 30-stock benchmark Straits Times Index extended its winning tally to a 2nd day, hitting a caller all-time high.
Straits Times Index
Taiwanese stocks autumn arsenic investors ticker Trump's tariff rollout
Taiwanese stocks fell connected Tuesday, arsenic investors kept a adjacent ticker connected U.S. President Donald Trump's tariff rollout.
The benchmark Taiex scale was down 1.04% astatine 22,196.37 arsenic of 10.15 a.m. section time, aft hitting its lowest level successful 2 weeks earlier successful the session.
The weakness was led by the energy, industrials and healthcare sectors, according to information from LSEG.
The worst 3 performers were Plotech Co which had plunged 8.57%, WinWay Technology which declined 7.23% and Jui Li Enterprise which dropped 6.38%.
Meanwhile, shares of tech giants Taiwan Semiconductor Manufacturing Co and Hon Hai Precision Industry — known globally arsenic Foxconn — were past seen trading 1.39% and 1.24% lower, respectively.
The iShares MSCI Taiwan ETF shows the index's moves:
iShares MSCI Taiwan ETF
— Amala Balakrishner
Chinese and Hong Kong stocks unfastened marginally higher
Chinese and Hong Kong-listed stocks started the time marginally higher Tuesday amid choppy commercialized successful different cardinal Asia-Pacific markets.
As of 9.52 a.m. section time, the mainland's CSI 300 index ticked up 0.24% while Hong Kong's Hang Seng Index added 0.25%.
— Amala Balakrishner
South Korean stocks motion disconnected Trump's menace of 25% tariffs
South Korean stocks extended gains for a 2nd consecutive league connected Tuesday arsenic investors assessed the interaction of U.S. President Donald Trump's 25% tariffs connected the country, starting Aug. 1.
As of 9.45 a.m. section time, the Kospi index had popped 1.56% to 3,107.07. It has gained astir 30% since the commencement of the year.
KOSPI index
Among the scale heavyweights, Samsung Electronics was up 0.89%, portion SK Hynix roseate 3.51%.
The small-cap Kosdaq scale roseate 0.5% to 782.34. It has gained 15.42% since the commencement of the year.
— Amala Balakrishner
Samsung shares autumn successful aboriginal commercialized connected little 2nd 4th nett guidance
Shares of Samsung Electronics fell arsenic overmuch arsenic 1.13% successful aboriginal commercialized Tuesday aft the institution forecast a 56% plunge successful its second-quarter profits pursuing difficulties successful capturing request from chipmaker Nvidia.
The institution projected that operating nett for the 4th ending June would beryllium astir 4.6 trillion Korean won ($3.36 billion), down from the 10.44 trillion won successful the aforesaid play past year.
Separate reports bespeak that Samsung Electronics is acceptable to transportation retired a stock buyback amounting to 3.9 trillion won.
Read the afloat communicative here.
— Amala Balakrishner
Asia-Pacific markets mostly emergence successful aboriginal trade
Asia-Pacific markets started the time mostly higher Tuesday.
As of 8.13 a.m. Singapore time, Japan's Nikkei 225 benchmark added 0.43% portion the broader Topix scale had accrued by 0.24%.
In South Korea, the Kospi index roseate 0.86% portion the small-cap Kosdaq ticked up 0.56%.
Over successful Australia, the S&P/ASX 200 benchmark fell 0.42%.
— Amala Balakrishner
Here are the opening calls for the day
Good greeting from Singapore.
Asia-Pacific markets are acceptable to unfastened little aft U.S. President Donald Trump announced higher tariffs connected 14 trading partners including Japan and South Korea.
As of 7.40 a.m. Singapore time, Japan's benchmark Nikkei 225 was acceptable to unfastened lower, with the futures declaration successful Chicago astatine 39,470 portion its counterpart successful Osaka past traded astatine 39,330, against the index's Monday adjacent of 39,587.68.
Futures for Hong Kong's Hang Seng index stood astatine 23,886 pointing to a marginally weaker unfastened compared to the HSI's past adjacent of 23,887.83.
Australia's S&P/ASX 200 was besides acceptable to commencement the time little with futures tied to the benchmark astatine 8,526, compared to its past adjacent of 8,589.30. The Reserve Bank of Australia is expected to chopped involvement rates by 25 ground points to 3.6% erstwhile its two-day argumentation gathering concludes aboriginal successful the day.
— Amala Balakrishner
English (US) ·