China’s Shanghai Shenzhen CSI 300 Index fell 0.4%, while the Shanghai Composite Index remained largely unchanged. The Hang Seng Index in Hong Kong fell by 1.2%.
Chinese stocks are expected to face near-term headwinds with continued uncertainty over tariffs and limited domestic stimulus dampening market sentiment, a UBS analyst said in a note.
Thailand’s SET index fell 0.3%, the Philippines’ PSEi Composite Index lost 0.8%, while India’s Nifty 50 futures pointed to a subdued open.
Bucking the trend, Japan’s Nikkei 225 and Topix indexes rose 0.6% and 0.5%, respectively.
