Asian markets were relatively stable and ended mixed despite the overnight fall across Wall Street.
Among the falling markets, China’s Shanghai Composite index fell 0.23 percent and Hong Kong’s Hang Seng lost 0.76 percent. However, Japan’s Nikkei index rose 0.07 percent, the Straits Times Index of Singapore added 0.15 percent and South Korea”s Kospi surged 1.47 percent. Major European indices were all trading in positive territory. Germany’s DAX was 1.93 percent up, France’s CAC 40 was trading with a rise of 1.47 percent, and London’s FTSE 100 had added 0.67 percent, when reports last came in.
Meanwhile, the European Commission said in a statement that as a countermeasure to US tariffs, European Union will impose counter-tariffs on more than 28 billon dollars worth of US goods from next month in response to US tariffs on steel and aluminium. However, President of European Commission Ursula Von Der Leyen also said that they are ready to engage in meaningful dialogue to explore better solutions with the US.