{"id":71990,"date":"2025-08-08T16:31:37","date_gmt":"2025-08-08T06:31:37","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=71990"},"modified":"2025-08-08T16:31:38","modified_gmt":"2025-08-08T06:31:38","slug":"friday-8th-august-2025-asian-markets-mixed-amid-tariff-uncertainty","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/friday-8th-august-2025-asian-markets-mixed-amid-tariff-uncertainty\/","title":{"rendered":"Friday 8th August 2025: Asian Markets Mixed Amid Tariff Uncertainty"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.92%, Shanghai Composite up 0.09%, Hang Seng down 0.8% ASX down 0.11%<\/li>\n\n\n\n<li>Commodities : Gold at $3492.35 (1.19%), Silver at $38.48 (0.65%), Brent Oil at $67.29 (-0.49%), WTI Oil at $63.8 (-0.63%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.244, UK 10-year yield at 4.5490, Germany 10-year yield at 2.6369<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(USD) Official bank rate 4.00%&nbsp; to 4.00% expected<\/li>\n\n\n\n<li>(USD) Unemployment Claims 226K&nbsp; to 221K expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asian stock markets traded mixed on Friday, tracking the uneven cues from Wall Street as uncertainty persisted over U.S. reciprocal tariffs, which took effect Thursday. The U.S. imposed a 100% tariff on imported semiconductors and chips, exempting domestic builders, and threatened pharmaceutical imports with tariffs of up to 250%. Weak U.S. economic data and jobs figures have fueled expectations of a Federal Reserve rate cut in September, potentially influencing global markets.<\/p>\n\n\n\n<p>In Australia, the S&amp;P\/ASX 200 slipped 0.07% to 8,824.90, weighed by losses in financial and tech stocks, partly offset by mining gains. Rio Tinto rose 0.2%, while BHP, Fortescue, and Mineral Resources gained nearly 1% each. Block surged 7.5% on strong results, while Zip dropped 3%.<\/p>\n\n\n\n<p>Japan\u2019s Nikkei 225 jumped 2.22% to 41,968.68, led by exporters and tech stocks. SoftBank soared nearly 11% on robust profits, Sony rose over 6% after lifting its outlook, and Fast Retailing gained almost 3%. Elsewhere in Asia, New Zealand, Malaysia, Indonesia, and Taiwan rose modestly, while Hong Kong, Singapore, and South Korea fell. China was flat.<\/p>\n\n\n\n<p>On Wall Street, the Nasdaq gained 0.4%, the S&amp;P 500 dipped 0.1%, and the Dow slid 0.5%. Oil prices fell, with WTI crude down 0.76% to $63.86 a barrel amid uncertainty over U.S. policy on Russia.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>12:30 PM GMT &#8211; CAD Unemployment rate<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD Employment Change<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asian stock markets traded [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":71952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-71990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/71990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=71990"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/71990\/revisions"}],"predecessor-version":[{"id":71998,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/71990\/revisions\/71998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/71952"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=71990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=71990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=71990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}