06:34 AM EDT, 07/02/2025 (MT Newswires) -- Asian stock markets were mixed on Wednesday as investors weighed international trade concerns, and as mainland China institutions bought Hong Kong-listed enterprises.

Hong Kong and Shanghai gained, while Tokyo finished in the red. Other regional exchanges were also uneven.

In Japan, the Nikkei 225 finished off 0.6% after US President Donald Trump on Tuesday said tariffs on Japanese goods of up to 35% are on the table if trade negotiations are unfruitful.

The benchmark Nikkei 225 fell 223.85 to 39,762.48, although gaining issues outnumbered losers 127 to 94.

Leading the upside was Daikin Industries, up 4.6%, while video game maker Konami declined 6.9%.

In Hong Kong, the Hang Seng Index closed up 0.6%. Mainland China investors have been buying Hong Kong-listed companies not traded in Shanghai or Shenzhen, reported the South China Morning Post.

The broad gauge Hang Seng rose 149.13 to 24,221.41, as gaining issues outnumbered losers 69 to 15. The Hang Seng TECH Index lost 0.6% on the day, while the Mainland Properties Index rose 1.1%.

Leading the upside was Xinyi Solar, gaining 10.8%, while Li Auto declined 3.2%.

On the mainland, the Shanghai Composite fell 0.1% to 3,454.79.

On the other regional exchanges, the S. Korean KOSPI fell 0.6%; the Taiwan TWSE rose 0.1%; the Australian ASX 200 advanced 0.7%; the Singapore Straits Times Index rose 0.5%, and the Thai Set rose 0.5%. In late trading in Mumbai, the Sensex was down 0.4%

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