Australia’s S&P/ASX 200 shed 0.3% to 8,300.90, while South Korea’s Kospi slipped 0.2% to 2,650.17. Hong Kong’s Hang Seng jumped 2.7% to 23,183.02, boosted by a surge in shares of Alibaba, which reported robust financial results.

Australia’s seasonally adjusted unemployment rate is set to rise 4.1% in January from 4% the month before, estimates from a Reuters’ poll shows.

Asia-Pacific markets traded mostly lower on Thursday after a quiet day on Wall Street. Trump tarriffs worries continue to rule the market sentiment. Japan (NKY:IND) fell 1.48% to 38587, extending losses from the previous day as concerns over US President Donald Trump’s escalating tariff threats weighed on market sentiment.