Asia-Pacific markets set to open lower as investors assess Trump's higher tariffs

Asia-Pacific markets are acceptable to unfastened little aft U.S. President Donald Trump announced higher tariffs connected 14 trading partners, including Japan and South Korea.

Goods exported to the U.S. from Japan, South Korea, Malaysia, Kazakhstan and Tunisia are present acceptable to look 25% tariffs starting Aug. 1, according to the letters Trump posted connected Truth Social.

Other Asia-Pacific markets facing higher tariffs see Indonesia, which volition beryllium deed with a 32% excise duty, Bangladesh, which was slapped with a 35% duty, arsenic good arsenic Cambodia and Thailand, which are acceptable for 36% tariff rates, the president's letters indicated.

Meanwhile, imports from Laos and Myanmar volition look a 40% duty, letters Trump posted connected Truth Social showed.

Japan's benchmark Nikkei 225 was acceptable to unfastened lower, with the futures declaration successful Chicago astatine 39,455 portion its counterpart successful Osaka past traded astatine 39,330, against the index's Monday adjacent of 39,587.68.

Futures for Hong Kong's Hang Seng index stood astatine 23,886 pointing to a marginally weaker unfastened compared to the HSI's past adjacent of 23,887.83.

Australia's S&P/ASX 200 is besides acceptable to commencement the time little with futures tied to the benchmark astatine 8,526, compared to its past adjacent of 8,589.30. The Reserve Bank of Australia is expected to chopped involvement rates by 25 ground points to 3.6% erstwhile its two-day argumentation gathering concludes aboriginal successful the day.