{"id":42340,"date":"2025-08-08T11:35:33","date_gmt":"2025-08-08T11:35:33","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/08\/08\/asian-markets-mixed-nikkei-rallies-around-2-hang-seng-sinks-0-9\/"},"modified":"2025-08-08T11:35:33","modified_gmt":"2025-08-08T11:35:33","slug":"asian-markets-mixed-nikkei-rallies-around-2-hang-seng-sinks-0-9","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/08\/08\/asian-markets-mixed-nikkei-rallies-around-2-hang-seng-sinks-0-9\/","title":{"rendered":"Asian markets mixed: Nikkei rallies around 2%, Hang Seng sinks 0.9%"},"content":{"rendered":"
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Asian equities closed mostly lower on Friday as US President Donald Trump\u2019s sweeping reciprocal tariffs against more than 90 nations came into force just after midnight, rattling investor sentiment and prompting profit-taking across several regional markets.<\/p>\n

Trump, posting on Truth Social, claimed the tariffs would bring \u201cbillions of dollars\u201d into the US unless blocked by what he described as a \u201cradical left court.\u201d <\/p>\n

He also demanded the immediate resignation of Intel\u2019s new CEO, Lip-Bu Tan, citing \u201chighly conflicted\u201d ties to Chinese companies.<\/p>\n

China and Hong Kong stocks weaken on earnings, deflation fears<\/h2>\n

The Shanghai Composite Index slipped 0.12% to 3,635.13, while the CSI 300 managed a fractional gain of 0.1%. <\/p>\n

Hong Kong\u2019s Hang Seng Index fell 0.9% to 24,858.82, snapping a four-day advance as disappointing corporate earnings and persistent concerns over China\u2019s deflationary pressures weighed on sentiment. <\/p>\n

The Hang Seng Tech Index dropped 1.6%. Still, the Hang Seng posted a 1.4% weekly gain, supported by speculation that the US Federal Reserve could cut interest rates following softer US labour market data.<\/p>\n

Japan outperforms on tariff concessions<\/h2>\n

Japan\u2019s benchmarks bucked the regional downtrend after the country\u2019s chief trade negotiator announced that the US agreed to scrap \u201cstacking\u201d on universal tariffs and reduce car import levies simultaneously. <\/p>\n

Investor sentiment was further boosted by SoftBank Group<\/a>\u2019s robust quarterly profits and expanding investments in artificial intelligence.<\/p>\n

The Nikkei 225 jumped 1.85% to 41,820.48, while the Topix climbed 1.21% to 3,024.21, breaching the key 3,000-point level for the first time. <\/p>\n

Automakers Nissan, Mitsubishi Motors, Honda, and Toyota gained between 3% and 4%. <\/p>\n

SoftBank shares soared 10.4%, and Sony rose 3.5% after lifting profit forecasts.<\/p>\n

Other regional markets<\/h2>\n

In Seoul, the Kospi fell 0.55% to 3,210.01 as defence stocks slumped on speculation that next week\u2019s planned US\u2013Russia summit could pave the way for an end to the war in Ukraine. <\/p>\n

Hyundai Rotem slid 4.9%, Hanwha Aerospace dropped 5.5%, and LIG Nex1 tumbled 14.9%.<\/p>\n

Australian equities eased after two record-setting sessions, with investors cautious ahead of the Reserve Bank of Australia\u2019s August 12 policy meeting. <\/p>\n

The S&P\/ASX 200 slipped 0.28% to 8,807.10, and the All Ordinaries Index fell by the same margin to 9,076.60, with banking and energy stocks leading declines.<\/p>\n

Indian equity benchmarks closed lower on August 8, with the Nifty slipping below the 24,400 mark.<\/p>\n

The Sensex ended down 765.47 points, or 0.95%, at 79,857.79, while the Nifty fell 232.85 points, or 0.95%, to settle at 24,363.30.<\/p>\n

Among the biggest losers on the Nifty were Adani Enterprises, Bharti Airtel, Shriram Finance, IndusInd Bank, and Mahindra & Mahindra.<\/p>\n

The post Asian markets mixed: Nikkei rallies around 2%, Hang Seng sinks 0.9%<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Asian equities closed mostly lower on Friday as US President Donald Trump\u2019s sweeping reciprocal tariffs against more than 90 nations came into force just after midnight, rattling investor sentiment and prompting profit-taking across several regional markets. Trump, posting on Truth Social, claimed the tariffs would bring \u201cbillions of dollars\u201d into the US unless blocked by <\/p>\n","protected":false},"author":1,"featured_media":42341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-42340","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investing"],"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/42340","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=42340"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/42340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/42341"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=42340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=42340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=42340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}