Asian Stocks Under Pressure as Uncertainty Rises: Markets Wrap

Equity futures successful Australia, Japan and mainland China constituent to losses erstwhile markets reopen Monday, portion contracts successful Hong Kong awesome gains. US futures climbed successful aboriginal Asia trading, aft stocks closed marginally higher connected Friday amid a large options expiry. The dollar was dependable against large peers aboriginal Monday.

The cautious commencement comes arsenic traders navigate everything from rising governmental upheaval successful Turkey to signs that the adjacent circular of US tariffs owed April 2 is poised to beryllium much targeted than the sprawling, afloat planetary effort Trump has different mused about, officials acquainted with the substance say.

“As the entity begins to bruise and darken, and the atmospheric unit builds wrong the superior markets, marketplace players question if it’s clip to batten down the hatches successful mentation for a tempest of uncertainty acceptable to beryllium unleashed connected markets,” said Chris Weston, caput of probe astatine Pepperstone Group successful Melbourne. “Many volition besides spot the hazard that this known chartless could yet beryllium to beryllium yet different occurrence of maximum header sound that fails to truly shingle things up.”

The S&P 500 closed 0.1% higher connected Friday aft a monolithic expiration of options added an other dose of volatility, with implicit 21 cardinal shares changing hands connected US exchanges - the astir successful 2025. The output connected 10-year Treasuries edged higher portion the dollar climbed a 3rd time amid angst implicit US commercialized policy.

Chinese Premier Li Qiang astatine the play said the state is prepared for “shocks that transcend expectations” from the looming tariff announcement. Ahead of outlining the nation’s spending program connected Tuesday, Australia’s Treasurer Jim Chalmers warned the interaction of the caller US administration’s policies volition person a “seismic” interaction connected the planetary economy.

“We expect media leaks astir the caller tariff regime, and possibly nationalist comments from President Trump, to enactment the US dollar this week,” Commonwealth Bank of Australia strategists led by Joseph Capurso wrote successful a enactment to clients. “We justice marketplace participants person not priced capable atrocious quality for the satellite system from the upcoming tariff announcements.”