Asia markets mostly higher despite Wall Street losses; China rises on trade truce hopes
Main Idea
Asia shares mostly rise on Wednesday despite a weak lead, as investors remain unaffected by trade tensions, including threats of high tariffs.
Key Points
1. Asia shares mostly increased on Wednesday.
2. Investors ignored a weak lead in the market.
3. Trade tensions, including threats of tariffs up to 250%, did not significantly impact the market.
Description
Asia shares mostly rise on Wednesday, as investors shrugged off a weak lead from Wall Street, amid rising trade tensions, disappointing economic data, and mixed corporate earnings On the trade front, Trump also threatened tariffs of up to 250% on pharmaceutical imports, along with possible levies on semiconductors. Gold traded around $3,375 per ounce on Wednesday, holding most of its recent gains and remaining near a two-week-high. Japan ( NKY:IND ) rose 0.49% to around 40,580 on Wednesday, whil...
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