Asian Markets Experience Uplift

On Monday, the majority of stock exchanges across the Asia-Pacific region witnessed an upward trend. This positive movement was largely attributed to the improved manufacturing activity within the area, signaling a potential economic recovery.

US-China Trade Tensions Escalate

Amidst the market's positive performance, the ongoing trade disputes between the United States and China intensified. Reports surfaced that China is preparing countermeasures in response to US tariffs, particularly targeting US agricultural products, adding another layer of complexity to the already strained relations.

Market Performances Across the Region

In mainland China, the Shanghai Composite saw a slight decline of 0.21%, while the Shenzhen Composite experienced a minor increase of 0.28%. Hong Kong's Hang Seng remained stable, and South Korea's Kospi Composite was closed for a holiday. Meanwhile, Australia's S&P/ASX 200 and Japan's Nikkei 225 both recorded significant gains, with increases of 0.90% and 1.60% respectively. The dollar also saw a slight decrease against the yen, trading at 150.29600.