Global Markets:
- Asian Stock Markets : Nikkei up 0.94%, Shanghai Composite up 1.17%, Hang Seng down 2.03% ASX down 0.07%
- Commodities : Gold at $5,195.91 (-0.61%) Silver at $86.930 (0.41%), Brent Oil at $71.69 (0.83%), WTI Oil at $66.88 (0.88%)
- Rates : US 10-year yield at 4.045, UK 10-year yield at 4.3140, Germany 10-year yield at 2.7153
News & Data:
- (USD) Factory Orders m/m -0.7% to -0.4% expected
Markets Update:
Asian stock markets traded mixed on Tuesday, following negative cues from Wall Street amid concerns about AI-driven disruptions, uncertainty surrounding U.S. President Donald Trump’s tariff policies, and rising tensions between the U.S. and Iran. Although Asian markets had closed mostly higher on Monday, sentiment weakened after Trump said tariffs would be raised to a “fully allowed” 15 percent level, warning that countries attempting to “play games” would face even higher duties.
In Australia, the S&P/ASX 200 slipped 0.25 percent to 9,003.90 after briefly crossing 9,050 earlier. Losses in financial and technology stocks were partly offset by strength in mining and energy shares. BHP and Mineral Resources advanced strongly, while oil producers such as Woodside Energy edged higher. However, tech names including Block, Zip, and WiseTech declined. Monadelphous Group surged over 13 percent after reporting strong half-year results and announcing a higher interim dividend. The Australian dollar traded near $0.706.
Japan’s Nikkei 225 rose 0.76 percent to 57,256.55 in post-holiday trade, supported by automakers like Toyota and Honda, though financial stocks lagged.
Elsewhere in Asia, South Korea and Taiwan gained notably, while Hong Kong fell 1.6 percent.
On Wall Street, the Dow tumbled 1.7 percent, the Nasdaq fell 1.1 percent, and the S&P 500 dropped 1.0 percent. Crude oil slipped to $66.38 per barrel.
Upcoming Events:
- 03:00 PM GMT – USD Richmond Manufacturing Index
