Asian markets remained cautious as investors awaited details on the tariffs President Donald Trump is expected to announce on what he has called “liberation day.”
While major indexes clawed back earlier losses, South Korea’s Kospi slipped 0.7% to 2,503.08.
Japan’s Nikkei 225 gained 0.4% to 35,772.00, and Australia’s S&P/ASX 200 edged up 0.1% to 7,934.50. Hong Kong’s Hang Seng also rose 0.1% to 23,226.56, and the Shanghai Composite added 0.1% to 3,352.50.
“Amid the uncertainty on tariffs details, risk sentiments were broadly fragile,” said Tan Jing Yi of Mizuho Bank.
On Wall Street, stocks ended higher after a turbulent session. The S&P 500 climbed 0.4%, rebounding from an early 1% slide. The Nasdaq rose 0.9% after briefly dipping the same amount earlier, while the Dow Jones Industrial Average closed nearly unchanged after being down as much as 1.2% during the day.
In the bond market, US Treasury yields fell following data showing a contraction in US manufacturing last month. The yield on the 10-year Treasury slipped to 4.177% from 4.199% the previous day.
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