Filming an elevated overpass in Shanghai evening on a high-rise building
Guowei Ying | Moment | Getty Images
Asia-Pacific markets are mostly higher Monday as U.S. President Donald Trump’s April 2 tariff deadline looms.
Australia’s S&P/ASX 200 added 0.07% to close at 7,936.9.
South Korea’s Kospi was down 0.42% to close at 2,632.07 while the small-cap Kosdaq added 0.11% to close at 720.22 after South Korea’s Prime Minister Han Duck-soo’s impeachment was struck down by the country’s Constitutional Court.
Japan’s Nikkei 225 slipped 0.18% to close the trading day at 37,608.49 while the Topix lost 0.47% to close at 2,790.88.
Hong Kong’s Hang Seng Index advanced 1% and mainland China’s CSI 300 rose 0.51% to close at 3,934.85 after China’s Premier Li Qiang cautioned “rising instability” and called for countries to open up markets and enterprises.
U.S. stock futures were higher, signaling that equities could extend their recent gains.
Last Friday in the U.S., the three major averages closed higher. The indexes rebounded from their lows after Trump mentioned there would be some “flexibility” regarding tariffs. However, he reiterated the April 2 deadline for reciprocal tariffs.
The S&P 500 added 0.08% to close at 5,667.56, rising into positive territory to end four consecutive weeks of declines that were brought on by trade policy turmoil, recession fears and a rollover in megacap tech shares. The Nasdaq Composite gained 0.52% and settled at 17,784.05, while the Dow Jones Industrial Average advanced 32.03 points, or 0.08%, to close at 41,985.35.
CNBC’s Brian Evans, Sean Conlon and Hakyung Kim contributed to this report.
