Japan Stocks Lead Asia-Pacific Losses as U.S.-China Trade Tensions Rattle Markets
Asian markets saw mixed results Friday as rising U.S.-China trade tensions triggered a risk-off mood. Japan led the regional losses, with the Nikkei 225 falling nearly 3%. Australia’s ASX 200 and South Korea’s Kospi also declined, while China’s CSI 300 and Hong Kong’s Hang Seng posted modest gains. The volatility followed a sharp sell-off on Wall Street, where the S&P 500 dropped 3.46%, the Nasdaq fell 4.31%, and the Dow lost over 1,000 points, despite a temporary U.S. tariff reprieve.