Classic Chinese courtyard featuring a stage and red lanterns hanging
Jackyenjoyphotography | Moment | Getty Images
Asia-Pacific markets were mixed Wednesday after Wall Street rose overnight, shrugging off Trump tariffs and China’s retaliatory measures.
All eyes are on China, which resumed trading after the Lunar New Year holidays and as the Chinese government announced tariffs on U.S. imports in retaliation to duties on its exports.
Mainland China’s CSI300 Index started the day up, but reversed course to drop 0.61%.
China’s Caixin Services PMI came in at 51.0 in January, compared with December’s 52.2 reading, showing a slowdown in the country’s services activity.
Hong Kong’s Hang Seng index started the day down 1.3%, reversing from gains in the previous session.
Japan benchmark Nikkei 225 was down 0.19%, while the broader Topix index was flat.
South Korea’s Kospi was trading 1.04% higher and the small-cap Kosdaq was up 1.18%.
The country’s consumer price index for January rose 0.7% month on month and 2.2% annually — more than Reuters’ 1.97% estimate.
Over in Australia, the S&P/ASX 200 was 0.61% higher.
— CNBC’s Sean Conlon and Pia Singh contributed to this report.
