Stocks mixed as Donald Trump announces new 25% large truck tariff
China, Hong Kong and South Korea due to market holidays due to trade volumes continued to be suppressed in Asia, the stocks in Asia were mixed overnight.
Nikkei (^n225), after an increase of 4.75% on Monday, the 90 -day mutual tariff extension has been pointing to the best performance in Japan, which has pointed out its best performance.
Early morning data showed that the Japanese household people’s expenditures increased faster than expected in August, which showed that consumers feel relatively optimistic, which was a positive indicator for recovery of special consumption.
Consumer expenditures increased by 2.3% annually in August, pointing to the fourth growth month in succession, and the Median market estimation significantly exceeded a 1.2% increase.
Meanwhile, Japan received a stronger demand than the 30 -year auction, 12 months of average and alleviated investors’ concerns after the investor’s election victory during the weekend. 30 -year -old JGS yields decreased by 2.6BPS, traded at 3.28%, while 10 -year JGBs have dropped -0.5BPS, currently standing at 1.68%.
In front of the pond in Wall Street, the US markets faced issues in Europe or ongoing closure. S&P 500 (^GSPC) increased by 0.4% and technology was heavy NASDAQ (^ICIX) 0.7% higher-both of them moved to new record levels. Dow Jones (^DJI) lost 0.1%.
