Asian shares are trading mostly lower after a quiet day on Wall Street, where the S&P 500 added to its record
Asian shares traded mostly lower Thursday after a quiet day on Wall Street, where the S & P 500 added to its record.
Worries about U.S. President Donald Trump’s tariff policies remain high on regional investors’ minds.
Japan’s benchmark Nikkei 225 dropped 1.2% to finish at 38,678.04. Australia’s S & P/ASX 200 declined 1.2% to 8,322.80, while South Korea’s Kospi lost nearly 0.7% to 2,654.06.
Hong Kong’s Hang Seng dipped 1.3% to 22,640.18, after China left its benchmark interest rate unchanged, in a move it said was meant to maintain financial stability. The Shanghai Composite shed less than 0.1% to 3,349.60.
“The yuan has been under siege, with foreign-exchange outflows surging last month as Trump’s tariff rhetoric sent shockwaves through markets,” said Stephen Innes, managing partner at SPI Asset Management.
On Wall Street, the S & P 500 rose 0.2% after setting an all-time high the day before.
