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The Independent UK
The Independent UK
National
Zen Soo

Stock market today: Asian stocks down after Trump imposes tariffs on imports of steel and aluminum

South Korea Financial Markets - (Copyright 2025 The Associated Press. All rights reserved.)

Stocks in Asia were mostly down Tuesday, after U.S. President Donald Trump imposed 25% tariffs on all U.S. imports of steel and aluminum.

Hong Kong’s Hang Seng index declined 0.87% to 21,335.38, while the Shanghai Composite dipped 0.12% to 3,318.06. Japan markets were closed for a national holiday. Meanwhile, the S&P/ASX 200 in Australia remained largely unchanged and South Korea’s KOSPI was up 0.71% to 2,539.05.

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