Asia-Pacific markets mixed after Trump slaps 50% tariff on Brazilian imports

14 hours ago 7

ARTICLE AD BOX

Sunset astatine Shinjuku , Tokyo - Japan.

Xavierarnau | E+ | Getty Images

Asia-Pacific markets are acceptable to commercialized mixed connected Thursday aft U.S. President Donald Trump announced that the U.S. volition slap a 50% tariff connected Brazilian imports opening August 1.

In a letter, Trump said the caller tariff — a crisp summation from the 10% complaint acceptable successful April — is besides meant to code what helium called a "very unfair commercialized relationship" betwixt the U.S. and Brazil. The steep emergence is besides partially successful retaliation for the ongoing prosecution of the country's erstwhile president, Jair Bolsonaro, Trump added.

Opening calls from sunny Singapore

Good greeting from Singapore! Asia-Pacific markets are acceptable to unfastened mixed.

Japan's benchmark Nikkei 225 was acceptable to unfastened higher, with the futures declaration successful Chicago astatine 39,925 portion its counterpart successful Osaka past traded astatine 39,910 against the index's Tuesday adjacent of 39,821.28.

Futures for Hong Kong's Hang Seng index stood astatine 23,863 pointing to a somewhat weaker unfastened compared to the HSI's past adjacent of 23,892.32.

Australia's S&P/ASX 200 was besides acceptable to commencement the time somewhat higher with futures tied to the benchmark astatine 8,571, compared to its past adjacent of 8,538.6.

— Lee Ying Shan

Stock futures unfastened small changed

U.S. banal futures were comparatively unchanged connected Wednesday evening.

S&P 500 futures hovered astir the flatline conscionable aft 6 p.m. ET, arsenic did Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average were likewise flat.

— Sean Conlon

Nasdaq Composite notches caller all-time closing high

The Nasdaq Composite closed astatine an all-time grounds precocious connected Wednesday afternoon.

The tech-heavy scale roseate 0.94%, ending astatine 20,611.34. The S&P 500 added 0.61%, finishing astatine 6,263.26. The Dow Jones Industrial Average gained 217.54 points, oregon 0.49%, and settled astatine 44,458.30.