Asia-Pacific markets traded mixed Monday, tracking U.S. stocks futures that were lower ahead of key economic data, with escalating trade tensions denting investor sentiment.
U.S. President Donald Trump told reporters Sunday that he was planning to announce a blanket 25% tariff on all steel and aluminum imports on Monday, according to Reuters.
Over in Japan, the benchmark Nikkei 225 was down 0.1%, while the broader Topix index fell 0.27%, in choppy trading.
The country reported loan growth of 3% year on year in January, falling slightly from December's 3.1%.
South Korea's indexes opened lower, but changed course with the Kospi up 0.12% while the small-cap Kosdaq advanced 0.73%.
Australia's S&P/ASX 200 was trading down 0.31%.
Hong Kong's Hang Seng index rose 1.47%, while mainland China's CSI 300 Index was flat.
Consumer inflation in China rose for the first time since August 2024, on the back of higher spending in the lead up to the Lunar New Year, data released by the National Bureau of Statistics on Sunday revealed. The consumer price index rose 0.7% month on month and 0.5% annually in January more than Reuters' 0.4% estimate.
Meanwhile, its producer price index, which captures the wholesale price of goods, fell 2.3% from the previous year in January, more than the 2.1% drop expected by Reuters.
Investors will also be keeping an eye on Indian stocks that fell Friday, after the Reserve Bank of India expectedly cut interest rates for the first time in five years.
Singapore's benchmark Straits Times Index hit an all-time high of 3,910.12 points, LSEG data showed, led by gains in the shares of telecommunications operator Singapore Telecommunications and well as local banks DBS Group Holdings Oversea-Chinese Banking Corporation and United Overseas Bank
The STI benchmark was trading up 0.58%.The three key U.S. indexes fell Friday after U.S. President Donald Trump's said he was planning reciprocal tariffs on trading partners. Markets were further pressured by the release of consumer sentiment and jobs data which pointed to a pickup in inflation and spiked the 10-year Treasury yield above 4.5% at its session high.The Dow Jones Industrial Average fell 444.23 points, or 0.99%, to close at 44,303.40. The S&P 500 declined 0.95% to 6,025.99, and the Nasdaq Composite slid 1.36% to end at 19,523.40. Friday's losses left the major averages in negative territory on the week.(Cay) Newsmaker23
source: CNBC
The STOXX 50 gained 0.4% and the STOXX 600 rose 0.3% on Friday, as investors closely monitored corporate earnings and news, while staying on edge for any signs of progress in trade negotiations betwee...
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Aus...
US stocks advanced on Thursday, supported by upbeat earnings and solid economic data as markets brushed aside lingering concerns over President Trump's criticism of the Fed and renewed tariff threats....
S&P 500 and Nasdaq 100 futures edged up 0.1% and 0.2%, respectively, on Thursday morning (July 17), while the Dow Jones Industrial Average remained flat. What caused this? Investors were digesting...
The STOXX 50 rose 0.9% and the STOXX 600 gained 0.6% on Thursday, marking their first advances in six and five consecutive sessions, respectively, as investor attention shifted to corporate earnings. ...
Federal Reserve Governor Christopher Waller said concerns about private-sector hiring have fueled his call for the central bank to cut interest rates this month. "The private sector is not performing as well as everyone thought," Waller said Friday...
Federal Reserve Chairman Jerome Powell, in a letter on Thursday, rebutted criticism leveled at the central bank by a top White House official regarding the $2.5 billion renovation project. "We take seriously our responsibility to be good stewards...
The US dollar (USD) weakened on Friday (July 18th), retreating from a three-week high as momentum waned. However, the greenback remained supported by strong US economic data released this week, which has reduced the likelihood of an immediate...
U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an...
European stocks erased early gains and closed mostly lower on Tuesday as markets continued to assess how potential tariffs from the US may hurt...
The U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of...
President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against...