Markets mixed as traders weigh trade deal, US inflation data

Hong Kong (AFP) July 16, 2025

Asian markets were mixed Wednesday as they weighed Indonesia's trade deal with Washington and a spike in US inflation that saw investors pare their bets on Federal Reserve interest rate cuts. Donald Trump said a trade deal had been struck with Jakarta that will see Washington impose tariffs of 19 percent on its goods, below the 32 percent previously threatened. US shipments will not be taxed