On Tuesday morning (11 February, 9:12 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed after U.S. President Trump signed a decree on Monday implementing a 25% tariff on steel and aluminum imports into the country.
Investors also put focus on Federal Reserve Chair Jerome Powell as he is scheduled to address Congress later in the day.
Meanwhile, markets in Japan were closed for a holiday.
South Korea’s KOSPI rose by 0.59% to 2,536.2, and Australia’s ASX 200 grew by 0.23% to 8,502.
As for stocks in China, Shanghai’s SSEC dropped by 0.25% to 3,313.74. Hong Kong’s HSI slid by 0.09% to 21,503.56, and Shenzhen’s SZI fell by 0.7% to 10,556.81.
Meanwhile, the US stock markets edged up on Monday as the Dow Jones Industrial Average (DJIA) increased by 0.38% to 44,470.41. NASDAQ expanded by 0.98% to 19,714.27, and S&P 500 gained 0.67% to 6,066.44. VIX declined by 4.41% to 15.81.
As for commodities, oil prices settled higher on Monday, recovering from previous declines amid worries about a worldwide trade conflict, with investors seemingly unfazed by President Trump’s new warning on steel and aluminum imports. Brent futures for April added $1.21 or 1.62% to $75.87 a barrel, and the West Texas Intermediate (WTI) surged $1.32 or 1.86% to $72.32 per barrel.
This morning, Brent futures escalated 16 cents or 0.21% to $76.03 a barrel, and the WTI climbed 11 cents or 0.15% to $72.43 per barrel.
Meanwhile, gold futures soared 0.93% to $2,961.6 per Troy ounce.
