Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, amid ongoing concerns about the heightening trade war and the potential impact on inflation and global growth after U.S. President Donald Trump announced 25 percent tariffs on auto and auto parts starting next week. Asian Markets closed mostly higher on Wednesday.
Meanwhile, Trump also said tariffs coming in April will 'probably be more lenient than reciprocal' and that he would consider lowering tariff rates imposed on China. Trump added there would be exceptions to the tariffs, but there would be "not too many exceptions."
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.