Asian stock markets continue to rise despite ongoing concerns over potential new tariffs from the U.S. Investors are closely monitoring economic data and corporate earnings.
Asian Stock Market Performance
Traders in the region took cues from Wall Street, where major indexes finished Monday nearly unchanged. In Hong Kong, the Hang Seng Index rose 0.5% to 22,070.23, while the Shanghai Composite inched down 0.1% to 3,286.49.
Economic Forecasts and Tariffs
Trading volumes remain light, which has been a relief after a week of sharp swings caused by uncertainty around tariffs. Treasury Secretary Scott Bessent indicated that China "wants a de-escalation," highlighting the tariff impacts that could push the economy into recession.
Market Reactions to News
Economic indicators are showing a slowdown in growth, with the upcoming jobs report expected to reflect a pullback to 125,000 jobs added. Surveys suggest households are becoming less optimistic about the economy.
Asian stock markets continue to show strength despite global trade concerns and shifting economic conditions. Investors remain vigilant for key economic data that could impact the situation.
