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Market Commentary - Foreign Markets

China Shanghai composite index rise 0.23%

27-Feb-2025, 04:19
Asian shares ended mixed on Thursday as U.S. President Donald Trump floated a 25 percent reciprocal tariff on European cars and other goods and signaled another month-long extension for looming levies on Canada and Mexico.

U.S. Commerce Secretary Howard Lutnick clarified that the big transaction would be April 2, but the fentanyl-related tariffs would be re-evaluated at the end of the 30-day pause on March 4, stoking uncertainty.

China's Shanghai Composite index rose 0.23 percent to 3,388.06 after a choppy session as investors braced for the National People's Congress next week.

Hong Kong's Hang Seng index dropped 0.29 percent to 23,718.29 as a tech-driven rally took a breather following Nvidia's upbeat earnings forecast and amid concerns over U.S. tariffs on semiconductor chips and key exports.