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Zelensky slams 'weak' US reply to Russian strike on his hometown
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Musiala hamstring tear compounds Bayern's injury crisis
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Selfies, goals and cheers at South Africa's grannies World Cup
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Tsunoda frustrated with 15th in Red Bull qualifying debut
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Rain forecast adds new element to combustible Japanese GP
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Ukraine mourns 18 killed in Russian missile strike
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Germany's Mueller to leave Bayern Munich after 25 years
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India's Modi clinches defence, energy deals in Sri Lanka
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Verstappen snatches 'special' pole for Japan GP with lap record
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Cambodia hails opening of naval base renovated by China
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Verstappen snatches 'insane' pole for Japan GP in track record
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Thousands rally for South Korea's impeached ex-president Yoon
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New Zealand hammer Pakistan by 43 runs to sweep ODI series 3-0
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Myanmar quake death toll passes 3,300: state media
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India's Modi in Sri Lanka for defence and energy deals
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'No one to return to': Afghans fear Pakistan deportation
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Fractious Republicans seek unity over Trump tax cuts
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America's passion for tariffs rarely pays off, economists warn
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Trump's global tariff takes effect in dramatic US trade shift
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North Korea's Kim fires new sniper rifle while visiting troops
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Norris fastest in McLaren 1-2 as fires again disrupt Japan GP practice
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Vital European defence startups still facing hurdles
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'I don't have a voice in my head': Life with no inner monologue
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Pakistan chasing 265 to win shortened third New Zealand ODI
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US soybeans, energy: Who is hit by China's tariff retaliation?
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Green, Sengun lift Rockets over Thunder, Celtics clinch record
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Ariya downs defending champ Korda to advance at LPGA Match Play
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Ovechkin ties Gretzky's all-time record of 894 NHL goals
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Under-pressure Doohan vows to learn from Japanese GP smash
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Harman goes four clear at Texas Open
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McLaughlin-Levrone, Thomas cruise to wins at opening Grand Slam Track
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Russian strike kills 18 in Ukrainian president's home city
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US cardinal defrocked for sex abuse dies at 94
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Lula admits 'still a lot to do' for Indigenous Brazilians
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England, Germany and Spain on mark in women's Nations League
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Bayern's Musiala to miss Inter first leg with injury
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Judge orders return to US of Salvadoran man deported in error
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'Class' Freeman eases Northampton past Clermont and into Champions Cup quarters
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Amadou of Malian blind music duo dies aged 70
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Freeman hat-trick eases Northampton into Champions Cup quarters with Clermont win
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Defiant Trump dismisses stock market's tariff plunge
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Musiala injury sours Bayern win at Augsburg
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Peruvian schoolkids living in fear of extortion gangs
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Top seed Pegula rallies to oust defending champ Collins in Charleston
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Amadou of Malian blind music duo Amadou & Mariam dies aged 70
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California to defy Trump's tariffs to allay global trade fears
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Bayern's Musiala subbed off with injury days out from Inter clash
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Russian strike kills 16 in Ukraine leader's home city, children among dead
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NBA fines Grizzlies' Morant for imaginary gun gesture
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Trump tariffs offer opportunity for China
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Asian markets edge up but uncertainty rules ahead of Trump tariffs
Asian markets edged up Wednesday as nervous investors brace for Donald Trump's wave of tariffs later in the day, though speculation about what he has in store is stoking uncertainty on trading floors.
Equities have been battered leading up to the US president's announcement -- which he has dubbed "Liberation Day" -- with warnings that friend and foe are in the crosshairs after what he says is years of "ripping off" the United States.
He has trailed the measures for weeks, initially suggesting they would match whatever levies other countries impose.
But US media reported he has also considered either blanket 20 percent levies or another plan where some countries get preferential treatment.
Sweeping auto tariffs of 25 percent announced last week are also due to come into effect on Thursday.
The White House has said Trump will unveil his decision at 4pm in Washington (2000 GMT), after Wall Street markets close, with the Republican promising a new "golden age" of US industry.
However, officials admitted he was still ironing out the details late Tuesday.
Analysts said the ongoing uncertainty was spooking markets.
"Investors and company management dislike uncertainty, and the piecemeal, unreliable way in which tariff announcements are being delivered is creating plenty of it," said Oliver Blackbourn and Adam Hetts at Janus Henderson Investments in a commentary.
"Estimates on what the average tariff rate will look like range from a few percentage points in moderate outcomes to double-digit levels in more forceful scenarios," they added.
"What does seem less uncertain is that tariffs are, without much exception, likely to be bad for economic growth, consumers, and markets."
Pepperstone Group's Chris Weston said the suggestion that the tariffs would be effective immediately would provide some sort of certainty, even if it limited the scope for talks.
"This scenario -- while hardly a positive for economics or earnings assumptions -- would increase the conviction behind how we respond to the 'facts'," he explained.
"That said, life is never straightforward, and we will still need to consider the counter response from other countries."
The planned duties have ramped up fears of a global trade war after several countries warned they were lining up their responses.
With that in mind, economists have warned that economic growth could take a hit and inflation reignite, dealing a blow to hopes that central banks would continue cutting interest rates.
In early trade, Asian markets mostly rose, though they were fluctuating between gains and losses after a recent selloff.
Hong Kong, Shanghai, Sydney, Wellington, Taipei and Manila were all up, Tokyo was flat and Singapore and Seoul slipped.
Safe haven gold held just below its record high $3,149.00 touched Tuesday.
And HSBC strategists led by Max Kettner warned Wednesday might not mark the end of the tariff uncertainty.
"We'd argue the potential is in fact higher for the 2 April deadline to introduce even more uncertainty -- and hence prolonged broad-based weakness in leading indicators," they said.
Chinese tech giant Xiaomi swung slightly higher in Hong Kong to claw back some of Tuesday's fall of more than five percent that came after it confirmed one of its electric vehicles was involved in an accident in China that reportedly left three people dead.
- Key figures around 0230 GMT -
Tokyo - Nikkei 225: FLAT at 35,639.81 (break)
Hong Kong - Hang Seng Index: UP 0.6 percent at 23,347.27
Shanghai - Composite: UP 0.2 percent at 3,355.60
Euro/dollar: UP at $1.0797 from $1.0793 on Tuesday
Pound/dollar: UP at $1.2924 from $1.2920
Dollar/yen: UP at 149.81 yen from 149.53 yen
Euro/pound: UP at 83.54 pence from 83.51 pence
West Texas Intermediate: UP 0.1 percent at $71.28 per barrel
Brent North Sea Crude: UP 0.1 percent at $74.53 per barrel
New York - Dow: FLAT at 41,989.96 (close)
London - FTSE 100: UP 0.6 percent at 8,634.80 (close)
N.Fournier--BTB