{"id":41244,"date":"2025-07-02T11:36:50","date_gmt":"2025-07-02T11:36:50","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/02\/asian-markets-slip-amid-looming-trade-deadline-sensex-plunges-300-points\/"},"modified":"2025-07-02T11:36:50","modified_gmt":"2025-07-02T11:36:50","slug":"asian-markets-slip-amid-looming-trade-deadline-sensex-plunges-300-points","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/02\/asian-markets-slip-amid-looming-trade-deadline-sensex-plunges-300-points\/","title":{"rendered":"Asian markets slip amid looming trade deadline; Sensex plunges 300 points"},"content":{"rendered":"
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The market sentiment in Asian markets remained subdued on Wednesday as most of the indices ended the day in red amid the looming July 9 trade deadline by US President Donald Trump.<\/p>\n

Although the Trump administration has indicated that the trade deadline can be extended, investors prefer to stay cautious.<\/p>\n

The market mood was also swayed in part by the US Senate’s tight approval of President Trump’s sweeping budget bill.<\/p>\n

The promise of extended tax cuts sparked some optimism, but that was quickly dampened by concerns the legislation could pile on nearly $3 trillion to the national debt.<\/p>\n

Japan’s Nikkei 225 end in red for second consecutive session<\/h2>\n

This week, President Donald Trump took aim at Japan, criticizing its stance on US rice and auto exports.<\/p>\n

Following the remarks, Japanese stocks<\/a> closed lower for the second consecutive day on Wednesday, with declines in the Paper & Pulp, Transport, and Communication sectors dragging the market down.<\/p>\n

The Nikkei 225 slipped 0.58% by the end and was trading at 39,762.48.<\/p>\n

Hong Kong markets started the second half of the year on a strong footing, but gains were partially cut short as tech stocks came under pressure. <\/p>\n

The Hang Seng Index climbed as much as 300 points earlier in Wednesday\u2019s trade before giving up some of that ground to close 149 points higher, or 0.62% up, at 24,221.<\/p>\n

KOSPI slips on profit booking<\/h2>\n

South Korea\u2019s KOSPI fell 1.5% to around 3,050 on Wednesday, retreating from its highest point in over three years as investors took profits following a sharp rally. <\/p>\n

Sentiment turned cautious after June\u2019s consumer price index came in at 2.2% year-on-year, slightly above expectations, suggesting inflationary pressures persist, even after the Bank of Korea\u2019s fourth straight interest rate cut.<\/p>\n

In China, the CSI 300 index traded sideways for most of the day but managed to end slightly in the green, posting a modest gain of 0.023% to close at 3,943.68. <\/p>\n

Meanwhile, Australia\u2019s S&P\/ASX 200 also showed little movement and finished the session at 8,597.70.<\/p>\n

Nifty 50 slips below critical 25,500 level<\/h2>\n

Indian markets ended lower on July 2, with the Nifty slipping below the key 25,500 mark. <\/p>\n

The Sensex lost 287.60 points, or 0.34%, to settle at 83,409.69, while the Nifty fell 88.40 points, or 0.35%, to close at 25,453.40. <\/p>\n

Market breadth remained negative, with 1,716 stocks advancing, 2,125 declining, and 167 remaining unchanged.<\/p>\n

Among the biggest drags on the Nifty were Shriram Finance, Bajaj Finserv, IndusInd Bank, HDFC Life, and L&T. <\/p>\n

On the flip side, gains in Tata Steel<\/a>, JSW Steel, UltraTech Cement, Maruti Suzuki, and Asian Paints provided some support. <\/p>\n

Metals outperformed, climbing 1.4%, followed by consumer durables, which rose 1%. <\/p>\n

However, selling pressure weighed on PSU banks, capital goods, realty, media, and power stocks, all of which fell between 0.4% and 1.4%. <\/p>\n

The broader market also softened, with the BSE Midcap and Smallcap indices down 0.2% each.<\/p>\n<\/p>\n

The post Asian markets slip amid looming trade deadline; Sensex plunges 300 points<\/a> appeared first on Invezz<\/a><\/p>\n

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The market sentiment in Asian markets remained subdued on Wednesday as most of the indices ended the day in red amid the looming July 9 trade deadline by US President Donald Trump. Although the Trump administration has indicated that the trade deadline can be extended, investors prefer to stay cautious. The market mood was also <\/p>\n","protected":false},"author":1,"featured_media":41245,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-41244","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/41244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=41244"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/41244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/41245"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=41244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=41244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=41244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}