This is CNBC’s live blog covering Asia-Pacific markets.

Asia-Pacific markets traded mixed on Thursday as traders assessed the Bank of Korea’s decision to keep rates steady, as well as U.S. President Donald Trump’s announcement to slap a 50% tariff on Brazilian imports beginning August 1.

Trump also said Wednesday that the 50% tariff on copper imports, which he had announced the previous day, will take effect on Aug. 1. Here are today’s market highlights:

Asia markets closed mostly mixed on Thursday.

Japan’s benchmark Nikkei 225 slipped 0.44% to close at 39,646.36, while the Topix declined 0.56% to end the trading day at 2,812.34.