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Asian Markets Today: Kospi hits record high amid Trump’s Tariff move; Hang Seng gains, Nikkei closed for trading holiday

Asian markets today advanced despite ongoing tariff uncertainty, after US President Donald Trump said over the weekend that global tariffs would be raised to 15% from 10%. The announcement followed a ruling by the U. S. Supreme Court striking down a significant portion of the administration’s trade measuresunder the International Emergency Economic Powers Act (IEEPA).

Asian Markets Today: Kospi hits record high amid Trump’s Tariff move; Hang Seng gains, Nikkei closed for trading holiday

Credit: Livemint

Key Highlights

  • On Monday, South Korea’s Kospi extended its gains for a third consecutive session, climbing 1.7% to a new record high, led by index heavyweights SK Hynix and Samsung Electronics, which advanced more than 3% and 2%, respectively.
  • The small-cap Kosdaq index also moved higher, adding 0.74%.
  • In Australia, the S&P/ASX 200 edged up 0.17% in early trading.
  • Futures for Hong Kong’s Hang Seng index stood at 26,855, above its previous close of 26,413.35.
  • Meanwhile, markets in China and Japan remained shut due to a public holiday.
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Sources

  1. Asian Markets Today: Kospi hits record high amid Trump’s Tariff move; Hang Seng gains, Nikkei closed for trading holiday

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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