India, Aug. 7 -- Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as uncertainty continues over US reciprocal tariffs despite the tariff's kicking in on Thursday. Market uncertainty is created by the pressure tactics exerted by the US by constantly altering tariffs. Asian markets ended mostly higher on Thursday.
US President Donald Trump announced a 100 percent tariff on imports of semiconductors and chips but said companies that are building in the U.S. would be exempted. Trump also threatened pharmaceutical imports with up to 250 percent tariff.
Based on last week's weak economic data and dismal job numbers in the US, traders expect a interest rate cut by the US Fed in September that ...