Market Reactions to Tariff Announcements

Amid growing concerns over the potential impact of new tariffs, major markets across the Asia-Pacific region experienced a mostly downward trend on Monday. The uncertainty stems from recent announcements by the US administration, including a threat of additional tariffs on BRICS-aligned nations.

Impact on Key Markets

Japan's Nikkei 225 index saw a decline of 0.58%, while South Korea's Kospi index bucked the trend with a 0.31% rise. Australia's S&P/ASX 200 wasn't spared, falling by 0.18%. In China, the Shanghai Composite and Shenzhen Composite dropped by 0.12% and 0.15%, respectively, with Hong Kong's Hang Seng index also losing 0.38%.

Currency Movements

At 7:14 am CET, the dollar strengthened against the yen, trading 0.37% higher at 145.0260, reflecting the market's nervousness.