Asia-Pacific markets trade mixed on Thursday as investors continued to weigh U.S. President Donald Trump's recent trade policy announcement. Investors also responded to China's latest move to reverse its sluggish stock market by prompting insurance funds to raise the size and proportion of their investments in Chinese A-shares,

China’s Vice President has announced plans for the country to increase its imports of goods, ahead of the potential tariff hikes mentioned by Donald Trump on his first day in the White House. Speaking at the World Economic Forum in Davos,

Osamu Inoue, president of Sumitomo Electric, which makes parts for Volkswagen, Toyota and Stellantis, among others, said Trump’s threatened 25 per cent tariffs on Mexican goods would do more harm to US suppliers, which account for almost a third of car parts investment in Mexico.

President Donald Trump began his second term by taking world financial markets on a daylong rollercoaster ride over his tariff policies, in a sign of turbulence ahead for investors and executives.