India, July 2 -- Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the deadline of July 9 set by the US President Donald Trump for reaching trade deals with its partner countries. Trump hinted at higher tariffs on certain countries after the deadline. Asian markets closed mostly lower on Wednesday.
Trump announced that he has reached a trade deal with Vietnam that calls for Vietnam to pay a 20 percent tariff on goods sent to the U.S. and a 40 percent tariff on any transshipping. Meanwhile, the U.S. will sell its products into Vietnam at ZERO tariff.
The Australian market is trading notably lower on Thursday after opening in the green, reversin...