Asia-Pacific markets fell Monday after China and the U.S. tightened trade restrictions and traded fresh accusations, renewing tensions between the world's two largest economies.
China on Sunday said "we are not afraid of" a trade war with the United States after President Donald Trump vowed to impose punishing new retaliatory tariffs on Chinese imports.
A spokesperson for China's Ministry of Commerce accused the U.S. of a "textbook double standard" with Trump's promise on Friday to tack on additional 100% tariffs on those imports after China imposed new export controls on rare earths minerals.
The recent policy announcements may signal that China intends to push for greater concessions from the U.S., Goldman Sachs wrote in a note Sunday.
Australia's ASX/S&P 200 lost 0.68%. South Korea's Kospi plunged 2.35%, and the small-cap Kosdaq declined 2.24%.
Futures for Hong Kong's Hang Seng Index pointed to a lower open, trading at 24,968, against the index's previous close of 26,290.32.
Japan markets are closed for the holidays.
Source: CNBC
The Dow Jones Industrial Average (DJIA) soured sharply on Friday, plummeting to its lowest bids in nearly three weeks and declining over 1,000 points top-to-bottom after US President Donald Trump pull...
European stocks extended losses for a second session on Friday, with both the Stoxx 50 and Stoxx 600 down around 1%. Defense stocks led declines as signs of progress emerged in a US-brokered peace dea...
US stock indexes opened slightly higher on Friday (October 10) New York time, as investors "buy the dip" while awaiting the release of U-Mich Consumer Sentiment amid the government shutdown, which has...
European stocks were flat on Friday morning, but the Stoxx Europe 600 was still headed for a weekly gain of ~0.2% as French political concerns eased. The automotive and consumer goods sectors led the ...
Asia-Pacific markets mostly weakened on Friday, following Wall Street's decline as investors assessed economic conditions. The Nikkei 225 fell 0.33% and the Topix fell 0.92%; Australia's ASX 200 fell ...
The Australian dollar (AUD) strengthened to around 0.6530 against the US dollar (USD) in the Asian session on Monday, after falling more than 1% in the previous trading session. This strengthening occurred amid the release of China's September...
World oil prices rose by about 1% on October 13, 2025, after plummeting to a five-month low due to concerns about an escalation in the US-China trade war. Brent rose to US$63.60 per barrel and WTI was at US$59.77, with market sentiment improving...
The Hong Kong stock market opened sharply lower at the start of this week after escalating trade tensions between the United States and China once again shook investor sentiment. The Hang Seng Index fell 656 points, or 2.49%, to 25,634, extending...
European stocks were flat on Friday morning, but the Stoxx Europe 600 was still headed for a weekly gain of ~0.2% as French political concerns...
US stock indexes opened slightly higher on Friday (October 10) New York time, as investors "buy the dip" while awaiting the release of U-Mich...
Israeli forces began withdrawing from parts of Gaza on Friday (October 10) under a ceasefire agreement with Hamas, and some residents returned to...
European stocks extended losses for a second session on Friday, with both the Stoxx 50 and Stoxx 600 down around 1%. Defense stocks led declines as...