Asia-Pacific markets set to open lower as investors assess Trump's 30% tariffs on EU and Mexico

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Bombay Gate Gateway of India, Mumbai

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Asia-Pacific markets are acceptable to commencement the time little Monday, arsenic investors measure the 30% tariffs connected the European Union and Mexico imposed by U.S. President Donald Trump implicit the weekend.

The president revealed on his societal media site, Truth Social, connected Saturday that the tariffs connected some countries would commencement connected Aug. 1.

Leaders of the EU and Mexico indicated that they mean to support negotiating with the Trump medication this period successful an effort to hold connected a little rate.

Here are the opening calls for the day

Good greeting from Singapore.

Investors volition beryllium keeping a adjacent ticker connected a slew of information points today, including India's ostentation speechmaking for June and Singapore's 2nd 4th maturation rate.

Economists polled by Reuters expect India's user terms ostentation speechmaking to travel successful astatine 2.5% twelvemonth connected year, from 2.82% the period before.

Meanwhile, Singapore's system is forecast to turn by 3.5% twelvemonth connected twelvemonth successful the 2nd quarter, compared to 3.9% successful the erstwhile quarter.

Japan's benchmark Nikkei 225 was acceptable to unfastened lower, with the futures declaration successful Chicago astatine 39,345 portion its counterpart successful Osaka past traded astatine 39,500, against the index's Friday adjacent of 39,569.68.

Futures for Hong Kong's Hang Seng index stood astatine 24,088, pointing to a weaker unfastened compared to the HSI's past adjacent of 24,139.57.

Australia's S&P/ASX 200 was besides acceptable to commencement the time little with futures tied to the benchmark astatine 8,548, compared with its past adjacent of 8,580.10.

— Amala Balakrishner

U.S. futures gaffe aft Trump announces 30% tariffs connected the EU and Mexico

Fri, Jul 11 20254:08 PM EDT

Major averages each adjacent week lower

The large banal averages each fell connected Friday, closing little for the week.

On Friday, the Dow Jones Industrial Average mislaid 279.13 points, oregon 0.63%, and ended astatine 44,371.51. The S&P 500 shed 0.33%, finishing astatine 6,259.75, portion the Nasdaq Composite shed 0.22% to settee astatine 20,585.53.