Asian Stocks Mixed After Trump's Tariff Comments Raise Uncertainty in Chinese Markets

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Asian Stocks Mixed After Trump's Tariff Comments Raise Uncertainty in Chinese Markets

Asian Stocks Mixed After Trump's Tariff Comments

Asian stocks were mixed on Wednesday after U.S. President Donald Trump's latest comments on tariffs raised uncertainty in Chinese markets.

Investors were initially relieved when Trump didn't impose tariffs on China on Monday, but his Tuesday comments about a 10% duty on Chinese imports caused a mixed reaction.

Hong Kong's Hang Seng and Shanghai Composite fell, while Japan's Nikkei 225 and Taiwan's Taiex rose. South Korea's Kospi and Australia's S&P/ASX 200 also gained.

U.S. futures were higher while oil prices were mixed.

Trump's comments on tariffs and other policies have caused volatility in markets. The threat of tariffs and rising U.S. government debt have pushed Treasury yields higher, putting pressure on stock prices.

In the bond market, Treasury yields eased, giving back some of their recent gains. The yield on the 10-year Treasury fell to 4.56% from 4.62% late Friday.

In the cryptocurrency market, bitcoin pulled back from its record above $109,000 set on Monday and was trading at $105,742 on Wednesday.

Benchmark U.S. crude lost 6 cents to $75.77 a barrel early Wednesday. Brent crude gained 3 cents at $79.32 a barrel.

The U.S. dollar rose to 155.85 Japanese yen from 155.46 yen. The euro cost $1.0413, down from $1.0433.