Asia-Pacific markets trade mixed after Trump says he plans to double steel tariffs to 50%

People walking through the neon lit night streets of Sinchon in the heart of Seoul, South Korea’s vibrant capital city. Fotovoyager | E+ | Getty Images Asia-Pacific markets traded mixed after President Donald Trump told U.S. steelworkers late Friday that he will double tariffs on steel imports to 50%, effective from Wednesday. Japan’s benchmark Nikkei…

Asia-Pacific markets mostly climb as investors assess slew of economic data

The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024.  Bloomberg | Bloomberg | Getty Images Asia-Pacific markets mostly climbed Friday as investors assess a slew of economic data from the region. Japan’s benchmark Nikkei 225 rose 0.48% at the open and the Topix climbed 0.5%. South Korea’s Kospi rose 0.36% while…

Asia-Pacific markets fall, tracking declines on Wall Street

Emerging markets said to see the next bull run as the ‘sell U.S.’ narrative gains ground Emerging markets stocks are in the spotlight again as the “sell U.S.” narrative gains fresh momentum, following Moody’s recent downgrade of the U.S. credit rating. The Bank of America heralded emerging markets as “the next bull market” recently.  “Weaker…