Asia-Pacific markets mostly rose Monday as investors awaited clarity on U.S. President Donald Trump’s plans to impose tariffs this week on key trading partners.
In Japan, the Nikkei 225 index regrouped 629.97 points, or 1.7%, to 37,785.47.
In Hong Kong, the Hang Seng index recovered 64.95 points, or 0.3%, to 23,006.27.
U.S. Commerce Secretary Howard Lutnick reportedly told Fox News on Sunday that the exact tariff that will be levied against Mexico and Canada starting Tuesday is still “fluid,” which means it could be lower than the proposed 25%. He added that the additional 10% duty on China imports is “set.”
Taiwan’s Taiex index was down after falling to its lowest level since early February.
Australian markets gained ground, as the country’s S&P Global manufacturing purchasing manager’s index reading for February came in at 50.4, similar to the previous month’s 50.6 reading.
CHINA
The CSI 300 in mainland China lost 1.58 points, or 0.04% to 3,888.47
China’s Caixin/S&P Global manufacturing purchasing manager’s index reading for February came in at 50.8, higher than the 50.3 estimated by Reuters and January’s 50.1 reading.
In other markets
Markets in Korea were shuttered for holiday.
In Taiwan, the Taiex index ditched 296.93 points, or 1.3%, to 22,756.25.
In Singapore, the Straits Times index regained 13.22 points, or 0.3%, to 3,908.92
In New Zealand, the NZX 50 dipped 51.37 points, or 0.4%, to 12,550.05.
In Australia, the ASX 200 gained 73.3 points, or 0.9%, to 8,345.65.
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