Asia markets mixed on AI fears, US tariff ruling

HONG KONG: Equities swung in Asian trade on Tuesday as investors weighed fresh AI fears and the US Supreme Court’s decision to strike down a large part of Donald Trump’s tariff policy. Markets in the region have largely taken in stride the judges’ announcement that the US president was not able to use a certain act to impose his sweeping levies, with some countries benefiting from the lower tolls he later unveiled under a separate authority. It has, however, raised questions about trade deals Washington has agreed, with the EU demanding clarity on the issue before ratifying its agreement.

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