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People locomotion successful beforehand of an physics banal committee showing Japan's Nikkei scale astatine a securities steadfast Friday, July 4, 2025, successful Tokyo. (AP Photo/Eugene Hoshiko)
MANILA – Asian shares were mixed connected Friday aft U.S. stocks climbed further into grounds heights arsenic the timepiece ticks connected President Donald Trump’s July 9 tariff deadline.
Japan’s Nikkei 225 fell 0.6% to 39,762.20 aft earlier gains, portion South Korea’s KOSPI scale was down 1.2% to 3,078.31.
Hong Kong’s Hang Seng scale mislaid 0.6% to 23,914.44 portion the Shanghai Composite scale added 0.4% to 3,475.24. Australia’s S&P/ASX 200 roseate 0.1% to 8,609.50. India's Sensex scale was up 0.1% to 83,288.73.
“Asian markets slipped into Friday similar idiosyncratic entering a acheronian alley with 1 oculus implicit their enarthrosis — due to the fact that portion US equities danced higher connected a saccharine spotted post-payroll sweetener rush, the temper successful Asia was acold little celebratory. The reason? That familiar, twitchy unease each clip Trump gets adjacent the tariff trigger,” Stephen Innes, managing spouse astatine SPI Asset Management, wrote successful a commentary.
On Thursday, aft a study showed a U.S. occupation marketplace stronger than Wall Street expected, the S&P 500 roseate 0.8% and acceptable an all-time precocious for the 4th clip successful 5 days. The Dow Jones Industrial Average added 344 points, oregon 0.8%, and the Nasdaq composite gained 1%.
Many of Trump’s stiff projected taxes connected imports are presently connected pause, but they’re scheduled to footwear successful adjacent week unless Trump reaches deals with different countries to little them.
In different dealings connected Friday, U.S. benchmark crude was down 19 cents to $68.81 per barrel. Brent crude, the planetary standard, shed 30 cents to $68.50 per barrel.
The U.S. dollar slid to 144.48 Japanese yen from 144.92 yen. The euro edged higher to $1.1771 from $1.1761.
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AP Business Writer Stan Choe contributed.
Copyright 2025 The Associated Press. All rights reserved. This worldly whitethorn not beryllium published, broadcast, rewritten oregon redistributed without permission.
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