Asian stock markets showed a mixed performance as auto stocks declined due to growing concerns over potential tariffs. Investors reacted cautiously to reports of new trade barriers that could impact the automobile industry, leading to losses in major automakers’ shares.
Japan’s Nikkei and South Korea’s Kospi faced declines, with auto manufacturers among the biggest losers. Meanwhile, China’s markets remained stable, supported by gains in the technology sector. Analysts noted that uncertainty over trade policies continues to weigh on investor sentiment.
Despite the losses in auto stocks, some sectors, such as technology and energy, helped balance the market. However, traders remain wary of further developments in global trade negotiations.
