Asian markets posted a mixed performance on Monday. The Hang Seng Index rose 2 % after Alibaba’s US‑listed shares jumped 15 % on the back of strong earnings, including a notable increase in AI revenue. The Shanghai Composite also edged higher, gaining 0.4 %. In contrast, Japan’s Nikkei 225 fell 2 % as tech shares came under pressure, and South Korea’s Kospi slipped despite the country’s record‑high semiconductor exports for August. Jakarta’s index dropped more than 2 % following violent unrest sparked by economic hardship.
The regional decline follows a pullback in U.S. equities on Friday, with the Dow and S&P 500 retreating from record highs ahead of the Labor Day weekend. A faster‑than‑expected rise in a key U.S. inflation reading has lowered the odds of sustained Federal Reserve rate cuts in the coming months. While a 25‑basis‑point cut in September remains possible, rising inflation could curb the Fed’s ability to act aggressively. In Europe, German inflation rose in August for the first time this year, a development that may also influence the European Central Bank’s rate‑cut decisions.
A U.S. appeals court ruled that former President Donald Trump exceeded his authority by imposing broad duties using emergency economic powers. The tariffs remain in place, and Trump has pledged to challenge the ruling.
Key market figures at 02:30 GMT showed the Tokyo Nikkei 225 at 41,849.82, down 2.0 %; the Hong Kong Hang Seng at 25,596.32, up 2.0 %; and the Shanghai Composite at 3,874.05, up 0.4 %. The New York Dow closed at 45,544.88, down 0.2 %. The euro rose to $1.1705 against the dollar, and the pound to $1.3519. Oil prices fell, with West Texas Intermediate down 0.4 % at $63.78 per barrel and Brent at $67.21 per barrel.
These developments underscore the continuing impact of trade tensions, monetary policy, and economic indicators on global markets. As investors navigate these complex factors, the next moves by central banks and governments will be closely watched.
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