Global markets today: Asian markets saw mixed trading on Wednesday after U.S. President Donald Trump ruled out extending the deadline for tariffs scheduled to begin on August 1.
On Tuesday, Trump also announced a 50 per cent tariff on copper imports and signaled that additional industry-specific duties are on the way.
He further warned of possible tariffs of up to 200 per cent on pharmaceutical imports into the U.S., but noted that there would be a grace period of around a year to a year and a half before these tariffs take effect.
Meanwhile, Japan’s Nikkei 225 index rose by 0.33 per cent, and the broader Topix index edged up 0.17 per cent. In South Korea, the Kospi remained largely unchanged, while the small-cap Kosdaq gained 0.29 per cent. Meanwhile, Australia’s S&P/ASX 200 index declined by 0.26 per cent.
(This is a developing story)
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