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of <h1>Asian markets drop while US hits records ahead of July 9 tariff deadline</h1> Asian markets showed mixed performance as investors remained cautious ahead of the President's July 9 tariff deadline. Japan's Nikkei fell 0.6%, South Korea's KOSPI dropped 1.2%, and Hong Kong's Hang Seng declined 0.6%, while Shanghai Composite gained 0.4% and India's Sensex rose 0.1%. This contrasted with US markets reaching record highs, with the S&P 500 up 0.8% following stronger-than-expected employment data. Many proposed import taxes remain paused but are scheduled to activate next week unless trade deals are reached with other countries.
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