Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Home Local news Asian Markets Dip Amid Uncertainty Surrounding Future of Trump’s Tariffs
  • Local news

Asian Markets Dip Amid Uncertainty Surrounding Future of Trump’s Tariffs

    Asian shares mostly decline as uncertainty grows about what's next with Trump's tariffs
    Up next
    Richard Sackelariou, a plastic surgeon who preyed on girls as young as 13 for sex, has been jailed for six years.
    Plastic Surgeon Jailed for Exploiting Young Women
    Published on 30 May 2025
    Author
    Internewscast
    Tags
    • about,
    • asian,
    • Business,
    • Decline,
    • Donald Trump,
    • grows,
    • Matt Bilunas,
    • mostly,
    • next,
    • Shares,
    • tariffs,
    • Trump039s,
    • Ulrike Hoffmann-Burchardi,
    • uncertainty,
    • What039s,
    • with,
    • world news
    Share this @internewscast.com
    FacebookXRedditPinterest

    TOKYO – On Friday, Asian stocks mostly dipped as unease developed regarding the situation after a U.S. court halted several of President Donald Trump’s extensive tariffs.

    Japan’s key index, the Nikkei 225, dropped 1.1% in the afternoon to settle at 38,022.62. Government reports indicated that Tokyo’s core inflation, excluding fresh food, increased to an unexpected 3.6% in May. Some experts suggest this could prompt the Bank of Japan to consider hiking interest rates.

    Meanwhile, Australia’s S&P/ASX 200 edged up by 0.3% to reach 8,436.30. Conversely, South Korea’s Kospi fell by 0.9% to 2,696.40, just ahead of a presidential election scheduled for the following week.

    Hong Kong’s Hang Seng slipped 1.4% to 23,234.42, while the Shanghai Composite shed 0.3% to 3,354.83.

    On Wall Street, the S&P 500 rose 0.4% on Thursday, the Dow Jones Industrial Average added 117 points, or 0.3%, and the Nasdaq composite rose 0.4%.

    It’s a downshift after stocks initially leaped nearly 2% in Tokyo and Seoul, where markets had the first chance to react to the ruling late Wednesday by the U.S. Court of International Trade. The court said that the 1977 International Emergency Economic Powers Act that Trump cited for ordering massive increases in taxes on imports from around the world does not authorize the use of tariffs.

    The ruling at first raised hopes in financial markets that a hamstrung Trump would not be able to drive the economy into a recession with his tariffs, which had threatened to grind down on global trade and raise prices for consumers already sick of high inflation.

    But the tariffs remain in place for now while the White House appeals the ruling, and the ultimate outcome is still uncertain. The court’s ruling also affects only some of Trump’s tariffs, not those on foreign steel, aluminum and autos, which were invoked under a different law.

    The Court of Appeals for the Federal Circuit on Thursday allowed the president to temporarily continue collecting the tariffs under the emergency powers law while he appeals the trade court’s decision.

    Trump “is still able to impose significant and wide-ranging tariffs over the longer-term through other means,” according to Ulrike Hoffmann-Burchardi, chief investment officer of global equities at UBS Global Wealth Management.

    On Wall Street, tech stocks led the way after Nvidia once again topped analysts’ expectations for profit and revenue in the latest quarter.

    The chip company has grown into one of the U.S. market’s largest and most influential stocks because of the frenzy around artificial-intelligence technology, and its 3.2% rise was the strongest force by far lifting the S&P 500.

    All told, the S&P 500 rose 23.62 points to 5,912.17. The Dow Jones Industrial Average added 117.03 to 42,215.73, and the Nasdaq composite gained 74.93 to 19,175.87.

    In the bond market, Treasury yields eased following mixed economic reports. One said the U.S. economy likely shrunk by less in the first three months of the year than earlier estimated. Another said slightly more U.S. workers applied for unemployment benefits last week than economists expected.

    The yield on the 10-year Treasury fell to 4.43% from 4.47% late Wednesday.

    In energy trading, benchmark U.S. crude dropped 18 cents to $60.76 a barrel. Brent crude, the international standard, fell 20 cents to $63.95 a barrel.

    In currency trading, the U.S. dollar declined to 143.90 Japanese yen from 144.12 yen. The euro cost $1.1347, down from $1.1367.

    Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

    Share this @internewscast.com
    FacebookXRedditPinterest
    You May Also Like

    Tennessee Secures Victory Over Kentucky in Thrilling Matchup

    LEXINGTON, Kentucky (WATE) — The Vols clinched a victory over Kentucky on…
    • Internewscast
    • October 26, 2025
    Trump travels to Asia and a meeting with China's Xi as the US government shutdown drags on
    • Local news

    Trump Embarks on Asia Tour Amid Prolonged U.S. Government Shutdown, Set to Meet China’s Xi

    President Donald Trump embarked on his inaugural trip to Asia during his…
    • Internewscast
    • October 25, 2025
    Trump threatens Canada with 10% extra import tax for not pulling down anti-tariffs ad sooner
    • Local news

    Trump Considers Imposing 10% Additional Import Tax on Canada Over Delayed Removal of Anti-Tariff Advertisement

    On Saturday, President Donald Trump announced plans to increase tariffs on Canadian…
    • Internewscast
    • October 25, 2025
    Law enforcement holds medicine takeback event in Pinellas County
    • Local news

    Pinellas County Hosts Secure Medicine Takeback Event: Protect Your Community & Environment

    On Saturday, law enforcement agencies across Pinellas County, Florida, came together for…
    • Internewscast
    • October 26, 2025
    Suspects arrested over the theft of crown jewels from Paris' Louvre museum
    • Local news

    Arrests Made in Connection with Crown Jewel Heist at Paris’ Louvre Museum

    A wedding couple hugs as visitors queue to enter the Louvre museum…
    • Internewscast
    • October 26, 2025

    Green Interchange Launches Ambitious Reforestation Project to Restore Tree Habitats Post-Helene

    GREENEVILLE, Tenn. (WJHL) — A year has passed since Hurricane Helene wreaked…
    • Internewscast
    • October 25, 2025
    Bicyclist killed in hit-and-run crash in Osceola County, FHP says
    • Local news

    Critical Condition: Two Injured in Brevard County Hit-and-Run Incident, Reports FHP

    BREVARD COUNTY, Fla. – In Brevard County, Florida Highway Patrol officers are…
    • Internewscast
    • October 25, 2025
    Walmart is changing how hourly store workers earn raises
    • Local news

    Walmart Revamps Wage Increase System for Hourly Store Employees

    Walmart is revamping its strategy for awarding raises to its hourly employees…
    • Internewscast
    • October 25, 2025
    Melodee Buzzard of Lompoc is seen in this undated photo provided by the Santa Barbara County Sheriff's Office. Buzzard has not been seen in at least a year, and hasn't been photographed in at least two.
    • Local news

    Missing California Girl Disguised: Security Footage Reveals Potential Wig to Conceal Identity

    On Friday, the Santa Barbara County Sheriff’s Office unveiled new images that…
    • Internewscast
    • October 26, 2025
    'Persons of interest' identified but no arrests after deadly Robeson Co. mass shooting, sheriff says
    • Local news

    Sheriff Names Key Suspects in Robeson County Mass Shooting; Arrests Still Pending

    In the early hours of Saturday, a Halloween party in Robeson County,…
    • Internewscast
    • October 25, 2025
    'Gulfcoast Pride Festival' returns after event cancellation due to Hurricanes Helene and Milton
    • Local news

    Revived and Resilient: Gulfcoast Pride Festival Returns Stronger After Hurricane Setbacks

    SARASOTA, Fla. (WFLA) — The vibrant spirit of the ‘Gulfcoast Pride Festival’…
    • Internewscast
    • October 26, 2025
    World War II veteran laid to rest 81 years after going missing in Pacific
    • Local news

    Remains of WWII Hero Finally Returned Home After 81 Years Missing in the Pacific

    SALT LAKE CITY (ABC4) – In a poignant moment steeped in both…
    • Internewscast
    • October 26, 2025

    Join the Spooktacular Fun: Downtown Kingsport’s ‘Trick or Treat on the Street’ Celebration!

    In Kingsport, Tennessee, the downtown area experienced a delightful transformation on…
    • Internewscast
    • October 26, 2025
    My son was killed by a single punch. Now I'm friends with his killer
    • News

    From Tragedy to Forgiveness: A Mother’s Journey to Befriend Her Son’s Killer

    David Hodgkinson cherishes traditional ways of keeping in touch, favoring a heartfelt…
    • Internewscast
    • October 26, 2025
    StormTeam 3: Coolest Labor Day in 10 years, Summer returns this weekend
    • Local news

    Prepare for a Cooler Week: Late Day Showers Rolling in with Storm Team 3’s Forecast

    SAVANNAH, Ga. – A noticeable shift in the weather is upon us…
    • Internewscast
    • October 26, 2025
    Harry Brook's extraordinary 135 was not enough to save England from defeat in New Zealand
    • AU

    Harry Brook’s Unstoppable Record-Breaking Performance Can’t Save England from New Zealand Defeat

    Harry Brook nearly achieved one of cricket’s most remarkable feats of resilience,…
    • Internewscast
    • October 26, 2025
    Internewscast Journal
    • Home
    • Privacy Policy
    • DMCA Notice
    • Terms and Conditions
    • Guest Post
    • Support Our Cause
    Copyright 2023. All Right Reserverd.