Asia market declines amid global uncertainty

October 28, 2025 (MLN): Asia markets fell across the board on Tuesday as investors turned cautious ahead of a key meeting between U.S. President Donald Trump and Japan’s newly appointed Prime Minister, Sanae Takaichi.

Trump, who arrived in Tokyo on Monday, met Emperor Naruhito and is set to become the first foreign leader to hold formal talks with Takaichi since she assumed office. The discussions are expected to cover trade, security, and regional cooperation, themes closely watched by investors.

Japan’s Nikkei 225 retreated from its all-time high, slipping 0.15%, while the Topix index lost 0.49%.

Across the region, sentiment remained subdued despite overnight gains on Wall Street, where all three major U.S. indexes notched record closes.

South Korea’s Kospi led regional losses with a 1.15% drop, while the Kosdaq edged down 0.1%. The decline came even as South Korea’s third-quarter GDP growth surpassed expectations, marking its fastest expansion in over a year.

Australia’s S&P/ASX 200 shed 0.43%, and Hong Kong’s Hang Seng Index hovered near the flatline. On the mainland, China’s CSI 300 bucked the regional trend, inching up 0.28%.

Meanwhile, Sany Heavy Industry debuted flat in Hong Kong trading after raising HKD 12.36bn ($1.59bn) in one of the city’s biggest listings of 2025.

On Wall Street, the S&P 500 rose 1.23% to a record 6,875.16, closing above the 6,800 mark for the first time. The Nasdaq Composite surged 1.86% to 23,637.46, driven by gains in Nvidia and other chipmakers, while the Dow Jones Industrial Average climbed 337.47 points (0.71%) to 47,544.59.

Investors are now awaiting several major catalysts this week, including Big Tech earnings, a Federal Reserve policy decision, and potential progress on a U.S. China trade deal.

Copyright Mettis Link News