Global Markets Today: Asian markets opened mostly lower on Monday as investors weighed a U.S. federal appeals court decision declaring most of former President Donald Trump’s “reciprocal tariffs” illegal.
On Friday, the U.S. Court of Appeals for the Federal Circuit ruled that Trump exceeded his presidential authority by imposing tariffs on nearly every country as part of his April 2 “liberation day” declaration.
Market participants will also be watching developments in India-China relations, following a two-day meeting of the Shanghai Cooperation Organisation, where both nations’ leaders emphasized being development partners rather than rivals. Chinese President Xi Jinping is expected to address the summit.
Japan’s Nikkei 225 started weaker at 42,362, compared to Friday’s close of 42,718.47.
Australia’s S&P/ASX 200 also opened lower, with futures at 8,948 versus its previous close of 8,973.10.
Meanwhile, Hong Kong’s Hang Seng index futures stood at 25,319, indicating a positive open against the HSI’s last close of 25,077.62.
(This is a developing story)
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