• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Asian markets close mixed amid caution over US tariffs; Kospi hits 4-year high

by July 3, 2025
by July 3, 2025

Investors across the world look cautious amid major economic movements, especially the uncertainty around the July 9 tariff deadline set by US President Donald Trump.

Asian markets traded mixed on Thursday as most of the indices remained flat while investors looked bullish in Japan and South Korea.

As the United States House moves towards the final vote of Donald Trump’s sweeping tax bill, investors in Asia will look for cues from Wall Street’s reaction to the vote.

The recent decision by the United States to lift export restrictions on China for chip design software developers and ethane producers is expected to boost the sentiment.

Japan’s Nikkei rebounds

Japan’s Nikkei index managed a modest gain on Thursday, despite lingering concerns over a potential trade agreement with the United States and the risk of steep tariffs dampening investor sentiment.

For most of the day, Japanese stocks traded in negative territory before edging up by the close.

The Nikkei 225 closed 0.1% higher, putting an end to a two-day losing streak, while the broader Topix index also inched up by 0.1%.

Hong Kong stocks ended in negative territory on Thursday, with the Hang Seng Index slipping by 0.63% to close at 24,069.94.

The decline was mirrored across key sub-indices. The Hang Seng China Enterprises Index dropped 0.88%, finishing at 8,648.44, while the Tech Index also lost ground, falling 0.67% to end the day at 5,233.71.

Asian markets: Kospi hits a 4-year high

The investors in South Korea looked more optimistic as the benchmark Kospi index is trading at 4-year high levels.

South Korean shares climbed over 1% on Thursday driven by strong performances in major tech and steel stocks, as investor confidence got a lift from amendments to the shareholder-friendly Commercial Act and encouraging signs from tariff negotiations with the US.

Kospi jumped 41.21 points, or 1.34%, to close at 3,116.27.

The stock markets in China appreciated the United States’ move to ease the export restrictions as the CSI 300 index surged 0.62% to close at 3,968.07.

In the broader Pacific region, Australia’s S&P/ASX 200 remained muted throughout the day and ended flat at 8,595.80.

Sensex, Nifty shed gains

Indian equity benchmarks closed lower on July 3 after a choppy trading session, with the Nifty 50 settling at 25,397.30, 0.22% lower from its previous close.

Sensex, which opened in green on Thursday witnessed major bearish action towards the closing bell and closed 0.20% lower at 83,239.47.

Among the top performers on the Nifty were Apollo Hospitals, ONGC, and Maruti Suzuki.

On the flip side, SBI Life Insurance, Kotak Mahindra Bank, and Bajaj Finserv ended the day in the red.

Sector-wise, metals, realty, and PSU banks slipped around 0.5% each.

Meanwhile, gains were seen in pharma, media, oil & gas, auto, and consumer durables, which rose between 0.3% and 1%.

The post Asian markets close mixed amid caution over US tariffs; Kospi hits 4-year high appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
What’s next for Iran’s terror army, the IRGC, after devastating military setbacks?
next post
How Trump’s tax bill could give SoFi a big student loan windfall

Related Posts

GO Residential REIT drops on debut after oversubscribed...

July 26, 2025

Meta to halt political ads in EU from...

July 26, 2025

Here’s why the Coursera stock price has surged...

July 26, 2025

What is Lip-Bu Tan doing for Intel stock...

July 26, 2025

LIDR stock skyrockets 150% after Nvidia deal, but...

July 26, 2025

London’s heat-stricken underground commute threatens its appeal

July 26, 2025

Oppenheimer says Carvana stock remains underestimated: find out...

July 26, 2025

Palantir stock hits all time high: here’s what...

July 26, 2025

What’s next for Paramount stock after FCC’s approval...

July 26, 2025

China proposes global AI body, pushes for Shanghai...

July 26, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • GO Residential REIT drops on debut after oversubscribed $410M IPO

    July 26, 2025
  • Meta to halt political ads in EU from October 2025 amid legal uncertainty

    July 26, 2025
  • Here’s why the Coursera stock price has surged and its next target

    July 26, 2025
  • What is Lip-Bu Tan doing for Intel stock that’s different from Pat Gelsinger?

    July 26, 2025
  • LIDR stock skyrockets 150% after Nvidia deal, but analysts are still cautious: here’s why

    July 26, 2025
  • London’s heat-stricken underground commute threatens its appeal

    July 26, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 7

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025

Categories

  • Economy (1,964)
  • Editor's Pick (192)
  • Investing (185)
  • Stock (1,307)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Europe markets open: FTSE 100 leads gains,...

May 27, 2025

‘Superman’ lifts Warner Bros.: stock implications for...

July 14, 2025

Asia markets slide as Trump confirms tariffs...

February 28, 2025