On Monday morning (14 July, 9:26 AM, GMT+7, Bangkok time), indices in Asia Pacific showed mixed performance after U.S. President Donald Trump announced new 30% tariffs targeting European Union and Mexican goods, set to take effect on August 1.
Meanwhile, both EU and Mexican officials signaled their intention to pursue further discussions with Washington in hopes of brokering a deal to soften the tariff.
Japan’s core machinery orders slipped 0.6% in May compared to a 9.1% decrease in April. The figure was smaller than the 1.5% drop anticipated by economists surveyed by Reuters.
In Singapore, the nation’s economy expanded by 4.3% year-on-year in the second quarter, surpassing both the 3.9% increase in the previous quarter and the 3.5% growth predicted by economists polled by Reuters. On a quarterly basis, GDP rose by 1.4%, reversing a 0.5% decline seen in the first quarter.
Australia’s ASX 200 climbed by 0.09% to 8,587.7. South Korea’s KOSPI increased by 0.08% to 3,178.18, while Japan’s NIKKEI contracted by 0.36% to 39,426.26.
As for stocks in China, Shanghai’s SSEC rose by 0.39% to 3,524.02. Hong Kong’s HSI grew by 0.1% to 24,164.57, while Shenzhen’s SZI slid by 0.13% to 10,682.28.
The U.S. stock markets edged down on Friday as the Dow Jones Industrial Average (DJIA) dropped by 0.63% to 44,371.51. NASDAQ fell by 0.22% to 20,585.53, and S&P 500 lost 0.33% to 6,259.75. VIX jumped by 3.93% to 16.4.
As for commodities, oil prices settled higher on Friday as the International Energy Agency highlighted that supply conditions are more constrained than widely perceived. Additional support for oil came from market attention on U.S. tariffs and the potential for increased sanctions on Russia. Brent futures surged $1.72 or 2.5% to $70.36 a barrel, and the West Texas Intermediate (WTI) added $1.88 or 2.8% to $68.45 per barrel.
This morning, Brent futures gained 7 cents or 0.1% to $70.43 a barrel, and the WTI futures expanded 4 cents or 0.06% to $68.49 per barrel.
Meanwhile, gold futures escalated by 0.21% to $3,371 per Troy ounce.
