Asian Markets Show Mixed Reactions Amid Trade Policy Uncertainty

The development on Asia's leading stock exchanges diverged somewhat in Thursday's initial trading, while the uncertainty surrounding Trump's trade policy persists.

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Asian Markets Show Mixed Reactions Amid Trade Policy Uncertainty
Photo: Bertha Wang/AP/TT

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The Tokyo Stock Exchange's Nikkei 225 index was up 1.1 percent when investors took lunch, the broader Topix index was up 1 percent.

In Hong Kong, the Hang Seng index simultaneously pointed to minus 0.6 percent. Shanghai's and Shenzhen's composite index traded at plus 0.3 percent and minus 0.1 percent, respectively.

South Korea's Kospi index was down 0.6 percent after new figures showed an unexpectedly slow economic downturn.

The country's GDP decreased by 0.1 percent during the first quarter compared to the same period last year. The quarter has been marked by political turmoil since the now-deposed and criminally charged former President Yoon Suk-Yeol declared a state of emergency and war laws in December.

Leading indexes on Wall Street closed on a plus on Wednesday, after the US President Donald Trump announced on Tuesday that he has no plans to fire Fed Chairman Jerome Powell and opened up for scaling down the trade war with China.

The Dow Jones industrial index and the broad S&P index increased by 1.1 and 1.7 percent, respectively, while the technology-heavy Nasdaq composite index rose as much as 2.5 percent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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