Blog
Asia-Pacific Markets Mixed as Traders React to Bank of Korea, Tariff Announcements
Asia-Pacific markets opened mixed on Thursday as traders digested the Bank of Korea’s decision to keep interest rates unchanged. The central bank cited uncertainties surrounding trade policies and domestic consumption as reasons for maintaining the status quo. Meanwhile, recent tariff announcements by various countries also influenced trading sentiments.
In a separate development, JPMorgan upgraded its position on Vietnamese stocks to ‘overweight,’ following the country’s trade deal with the U.S. Vietnam became the first Southeast Asian nation to secure such a deal, signaling strong economic ties and potential benefits for Vietnamese equities. The upgrade reflects growing optimism about the country’s growth prospects amid increasing international trade engagement. Investors are closely watching these developments, with the overall market mood remaining cautious amid ongoing global trade tensions.