Asian Shares Mixed Ahead of Trump Inauguration
Asian shares exhibited a mixed performance in subdued trading on Tuesday, influenced by divergent expectations surrounding U.S. President Donald Trump's inauguration.
Market Reaction to Trump Inauguration
Analysts anticipated a positive impact on global markets due to optimism about Trump's potential economic policies. However, concerns remained regarding the threat of tariffs on Asian economies.
Regional Market Performance
Japan's Nikkei 225 declined marginally (0.1%) to 38,951.77. Australia's S&P/ASX 200 gained 0.5% to 8,392.80. South Korea's Kospi shed 0.2% to 2,514.06.
Impact of Trump's Policies on China
Uncertainty over the potential impact of Trump's policies on China has somewhat diminished following pledges to improve relations. Trump has refrained from immediate drastic actions on tariffs against Chinese exports.
Gainers and Losers
Hong Kong's Hang Seng index rose 0.4% to 20,012.25, while the Shanghai Composite lost 0.3% to 3,233.85. Fuji Media Holdings, which includes Fuji TV, experienced a stock price decline due to a sex scandal and the suspension of commercial broadcasts by major companies.
Energy and Currency Markets
U.S. crude oil futures fell $1.14 to $76.74 per barrel. Brent crude, the international benchmark, gained 13 cents to $80.28 per barrel. The weak U.S. dollar and uncertainty over Trump's tariff policies contributed to moderate currency movements. The dollar declined against the Japanese yen and the euro.