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Waterfront metropolis skyline of Sydney metropolis downtown astatine nighttime with agleam illumination of modern architectural landmarks successful Sydney, Australia.
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Asia-Pacific markets are acceptable to unfastened mixed connected Monday aft U.S. President Donald Trump confirmed that tariffs, archetypal announced successful April, volition take effect connected August 1 for countries that haven't struck a deal.
Treasury Secretary Scott Bessent said Sunday that tariffs introduced successful April volition beryllium enforced starting August 1 for countries that haven't finalized an statement with the Trump administration. While Bessent dismissed the conception that August 1 represents a caller deadline, helium acknowledged that the caller day could let trading partners further clip to renegotiate tariff terms.
Australia's S&P/ASX 200 is acceptable to unfastened little with futures tied to the benchmark astatine 8,583 compared to its past adjacent of 8,603.
Futures for Hong Kong's Hang Seng index stood astatine 23,899, little than its past adjacent of 23,916.06.
Japan's benchmark Nikkei 225 was acceptable to unfastened higher, with the futures declaration successful Chicago astatine 39,915 against the index's past adjacent of 39,810.88.
The Reserve Bank of Australia kicks commencement its two-day meeting, wherever it is wide expected to chopped rates by 25 ground points to 3.60%.
U.S. banal futures fell aft Trump confirmed that tariffs are acceptable to spell into effect Aug. 1, not July 9. Dow Jones Industrial Average futures slid by 146 points, oregon 0.32%. S&P 500 futures and Nasdaq 100 futures dipped 0.39% and 0.42%, respectively.
Last Friday stateside, the 3 large averages closed higher. The S&P 500 and Dow Jones Industrial Average powered to caller highs and capped disconnected a winning week arsenic banking behemoths ushered successful a promising commencement to the third-quarter net season. The Nasdaq Composite added 0.33% to decorativeness astatine 18,342.94 and little than 2% beneath its all-time high.
— CNBC's Samantha Subin and Brian Evans contributed to this report.
Good greeting from Singapore, present are the opening calls
Hello from Singapore!
Asia-Pacific banal markets are looking astatine a mixed trading Monday aft U.S. President Donald Trump confirmed that higher tariffs, archetypal announced connected April 2, volition take effect connected Aug. 1 for countries that person not struck a commercialized deal.
In April, Trump besides announced a 90-day intermission connected the steep tariffs, which is owed to expire connected Wednesday.
Australia's S&P/ASX 200 is acceptable to unfastened little with futures tied to the benchmark astatine 8,583 compared to its past adjacent of 8,603. Futures for Hong Kong's Hang Seng index stood astatine 23,899, little than its past adjacent of 23,916.06.
Japan's benchmark Nikkei 225 was acceptable to unfastened higher, with the futures declaration successful Chicago astatine 39,915 against the index's past adjacent of 39,810.88.
—Lee Ying Shan
Trump confirms that tariffs volition spell into effect Aug. 1
U.S. President Donald Trump confirmed that tariffs volition spell into effect Aug. 1, not July 9.
Trump and Commerce Secretary Howard Lutnick were asked successful an interrogation with reporters Sunday to clarify erstwhile tariffs are acceptable to spell into effect. Lutnick responded, "Tariffs spell into effect Aug. 1. But the president is mounting the rates, and the deals, close now." Trump assented with the statement.
Earlier successful the day, Treasury Secretary Scott Bessent said successful an interview with CNN's "State of the Union" that tariffs announced backmost successful April volition spell into effect connected Aug. 1 for those countries that person yet to scope an statement with the U.S. He said duties volition "boomerang" backmost to April 2 levels if determination is nary progress.
— Sarah Min
English (US) ·