Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images
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Gold jumped too a record high as Asia-Pacific markets slid Wednesday, with investors seeking safe havens after U.S. President Donald Trump threatened fresh tariffs on countries resisting the transfer of Greenland to the United States.
Spot gold prices rose over 1% to an all-time high of $4,813 per ounce.
Hong kong’s Hang Seng index was 0.12% lower, while the mainland’s CSI 300 inched 0.11% higher.
Japan’s Nikkei 225 lost 1.28%, while the Topix declined 1.09%. South Korea’s Kospi was 1.09% lower while the small-cap Kosdaq fell 2.2%.
australia’s S&P/ASX 200 fell 0.34%.
Trump said Saturday that exports from eight European countries would face tariffs of 10% from Feb. 1, rising to 25% by June 1 if talks fail to deliver
