Asia stocks dip amid U.S. tariff deadline jitters; Japan shares hit by Trump comments
2025-07-02 05:31:36
Main Idea
Most Asian stock markets declined on Wednesday, influenced by U.S. President Donald Trump's comments on not extending a pause on reciprocal tariffs.
Key Points
1. Most Asian stock markets experienced declines on Wednesday.
2. U.S. President Donald Trump stated he is not considering extending a current pause on reciprocal tariffs.
Description
Most Asian stock markets experienced declines on Wednesday. This downturn was largely driven by investor apprehension surrounding the upcoming US trade, as U.S. President Donald Trump on Tuesday said he is not thinking about extending a current pause on reciprocal tariffs that is set to expire on July 9. Japanese equities were hit especially hard, shedding significant value after comments from President Donald Trump cast doubt on the possibility of a trade agreement with Tokyo. Gold hovered abov...
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