Asian stock markets and commodity prices demonstrate volatility against the backdrop of U.S. trade policy and OPEC+ decisions. Investors are closely monitoring governmental actions and their market implications.
Decline of Asian Stock Markets
Asian stock markets showed declines on Monday. Japan's Nikkei fell by 0.5% while South Korea's main index held steady. The overall measure of Asia-Pacific stocks outside Japan dropped by 0.6%, with China's CSI 300 losing 0.5%.
U.S. Tariff Situations
U.S. President Donald Trump stated on Sunday that his administration is nearing completion of multiple trade deals and will notify about tariff increases by July 9, with new duties set to take effect on August 1. This announcement has created uncertainty in the markets due to a lack of specifics on which countries will be affected. Analysts suspect the August deadline may be postponed.
Trends in Oil and Gold Prices
In commodity markets, gold eased by 0.3% to $3,324 an ounce, despite a nearly 2% gain last week. Oil prices further declined after OPEC+ agreed to raise production by 548,000 barrels per day in August. By Monday’s close, Brent traded down by 52 cents at $67.78 per barrel, while U.S. crude fell by $1.01 to $65.99 per barrel.
Asian markets remain under pressure due to uncertainties surrounding U.S. trade policy and increased oil production by OPEC+. Investors continue to watch for news and changes in economic policy.
