Tag: Asia

Asia-Pacific markets traded mostly higher Monday as investors assessed Japan’s Prime Minister Shigeru Ishiba’s resignation announcement over the weekend, as well as China exports data.

Shares in European and Asian steelmakers fell on Monday after U.S. President Donald Trump said he would introduce 25% tariffs on all steel and aluminium imports within hours in addition to existing metals duties.

China stocks gained Friday ahead of a key policy meeting reportedly set for next week, while other Asia markets tracked Wall Street declines overnight.

Moody’s Investors Service has a negative outlook for sovereign creditworthiness in Asia-Pacific this year, due to China’s slower economic growth as well as tight funding and geopolitical risks.