Asia Markets Slide

Asia-Pacific markets fell Friday after U.S. President Donald Trump modified “reciprocal” tariff rates on several countries, ranging from 10% to 41% In Japan, the Nikkei 225 slid 270.22 points, or 0.7%, to 40,799.66. Japan’s jobless rate held steady at 2.5% in June, in line with expectations. In Japan, Tokyo Electron plunged 17% as of 11 a.m. Singapore time (11 p.m. ET Thursday), leading losses among the country’s tech names. Lasertec had lost 4.67%, while Advantest Corp declined 2.51% and SoftBank Group fell 2.07%. Meanwhile, Renesas Electronics was last seen up 0.7%. In Hong Kong, the Hang Seng dumped 265.52 points, or 1.1%, to 24,507.61. Over in South Korea, SK Hynix had plunged 5.12%, while Samsung Electronics was down 1.92%. Taiwan’s TSMC declined by 1.72%, while Hon Hai Precision Industry — known globally as Foxconn — increased by 1.12%. Over in Hong Kong, the tech-heavy Hang Seng Tech index was down 0.23% in choppy trade. Among the worst performers were China Petroleum & Chemical Corp, which dropped by 5%, Zhongsheng Group Holdings, which lost 3.02% and Li Auto which declined by 2.6%, according to LSEG data. In other markets In Shanghai, the CSI 300 let go of 20.66 points, or 0.5%, to 4,054.93 In Korea, the Kospi index fell 126.03 points, or 3.9%, to 3,119.41. In Singapore, the Straits Times index dropped 19.94 points, or 0.5%, to 4,153.83. In Taiwan, the Taiex index ditched 108.14 points, or 0.5%, to 23,434.38. In New Zealand, the NZX 50 lost 93.45 points, or 0.7%, to 12,729.40. In Australia, the ASX 200 gave back 80.79 points, or 0.9%, to 8,662.05