Asia-Pacific markets trade mixed as investors assess Trump's latest tariff threats; bitcoin hits new highs

Asia-Pacific ended the time mixed Monday.

Hong Kong's Hang Seng Index added 0.26% to adjacent astatine 24,203.32, portion the mainland's CSI 300 index was level astatine 4,017.67.

Japan's Nikkei 225 benchmark mislaid 0.28% to adjacent astatine 39,459.62, portion the broader Topix scale was level astatine 2,822.81.

Meanwhile, South Korea's Kospi index accrued by 0.83% to adjacent astatine 3,202.03, portion the small-cap Kosdaq moved down 0.14% to 799.37.

Australia's S&P/ASX 200 benchmark ended the time 0.11% little astatine 8,570.4.

Over successful India, the 50-stock benchmark Nifty 50 was down 0.53% portion the Sensex scale dropped 0.46% arsenic of 2 p.m. Indian Standard time.

— Amala Balakrishner

Indian stocks fell astatine the unfastened Monday, amid mixed trading successful different cardinal indexes successful Asia-Pacific.

The 50-stock benchmark Nifty 50 dropped 0.43% portion the Sensex scale mislaid 0.26% arsenic of 9.35 a.m. Indian Standard time.

Nifty 50 Index

Bitcoin extended its gains and crossed the $120,000 threshold to deed a caller grounds precocious Monday.

As of 12.03 p.m. Singapore time, the cryptocurrency had gained 1.35% to commercialized astatine $120,732.42.

Bitcoin prices

China's exports bushed expectations successful June arsenic businesses continued to unreserved retired shipments to capitalize connected a impermanent tariff reprieve up of an August deadline.

Exports jumped 5.8% successful June successful U.S. dollar presumption from a twelvemonth earlier, customs information showed Monday, exceeding Reuters' canvass estimates of a 5% jump.

Imports roseate 1.1% from a twelvemonth earlier. While missing economists' expectations of a 1.3% rise, that marked the archetypal clip that imports person grown this year, reversing the inclination of declining imports this twelvemonth amid sluggish home demand.

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— Anniek Bao

The output connected 10-year Japanese authorities bonds (JGBs) roseate 5.5 ground points connected Monday to touch 1.554% arsenic astatine 11.20 a.m. section time, aft concisely hitting its highest level since May 22 earlier successful the session.

Yields autumn erstwhile enslaved prices rise.

Meanwhile, the output connected 30-year JGBs roseate 6.5 ground points to 3.111%, portion the 20-year JGB output ticked up marginally to 2.56%.

The two-year JGB output edged up marginally to 0.775%, portion the five-year JGB output was past seen up astir 4 ground points to 1.066%.

— Amala Balakrishner

Bitcoin deed a grounds precocious of $119,454.68 connected Monday earlier paring gains aboriginal successful the session.

As astatine 10.15 a.m. Singapore time, the cryptocurrency was trading level astatine $119,171.63.

Bitcoin prices

Chinese and Hong Kong-listed stocks started the time marginally higher Monday amid choppy commercialized successful different cardinal Asia-Pacific markets.

As of 9.40 a.m. section time, the Hang Seng Index added 0.14%, portion mainland's CSI 300 moved up 0.16%.

— Amala Balakrishner

Japan's halfway machinery orders fell 0.6% successful May from the erstwhile period connected a seasonally adjusted basis, according to information released by the country's Cabinet Office connected Monday.

While that came successful somewhat amended than the 1.5% contraction estimated by economists successful a Reuters poll, it followed April's diminution of 9.1%.

Core machinery orders by the home backstage sector, which exclude volatile items similar ships and electrical power, are regarded arsenic a cardinal gauge of superior expenditure and bespeak concern assurance successful buying much machinery and equipment.

On a year-on-year basis, halfway orders grew 4.4%, beating the 3.4% emergence forecasted, LSEG information showed.

Meanwhile, the full worth of machinery orders received by 280 manufacturers operating successful Japan accrued by 3.8% successful May from the period earlier connected a seasonally adjusted basis, authorities information showed.

— Amala Balakrishner

Singapore's system grew astatine 1.4% successful the 2nd 4th of 2025, avoiding a method recession arsenic it reversed the 0.5% contraction recorded successful the archetypal 3 months of the year.

On a year-over-year basis, the country's system expanded 4.3% successful the 2nd 4th of 2025, accelerating from 4.1% successful the archetypal 3 months and beating expectations. A Reuters canvass of economists had forecasted a 3.5% growth.

A method recession is commonly defined arsenic 2 consecutive quarter-over-quarter declines successful a country's GDP. Analysts polled by Reuters had estimated a 0.6% quarter-over-quarter growth.

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— Lim Hui Jie

Asia-Pacific markets started the time mixed Monday.

As of 8.10 a.m. Singapore time, Japan's Nikkei 225 benchmark mislaid 0.33% portion the broader Topix scale ticked down 0.21%.

In South Korea, the Kospi index was up 0.22% portion the small-cap Kosdaq moved up 0.19%.

Over successful Australia, the S&P/ASX 200 benchmark was down 0.1%.

— Amala Balakrishner

Good greeting from Singapore.

Investors volition beryllium keeping a adjacent ticker connected a slew of information points today, including India's ostentation speechmaking for June and Singapore's 2nd 4th maturation rate.

Economists polled by Reuters expect India's user terms ostentation speechmaking to travel successful astatine 2.5% twelvemonth connected year, from 2.82% the period before.

Meanwhile, Singapore's system is forecast to turn by 3.5% twelvemonth connected twelvemonth successful the 2nd quarter, compared to 3.9% successful the erstwhile quarter.

Japan's benchmark Nikkei 225 was acceptable to unfastened lower, with the futures declaration successful Chicago astatine 39,345 portion its counterpart successful Osaka past traded astatine 39,500, against the index's Friday adjacent of 39,569.68.

Futures for Hong Kong's Hang Seng index stood astatine 24,088, pointing to a weaker unfastened compared to the HSI's past adjacent of 24,139.57.

Australia's S&P/ASX 200 was besides acceptable to commencement the time little with futures tied to the benchmark astatine 8,548, compared with its past adjacent of 8,580.10.

— Amala Balakrishner

The large banal averages each fell connected Friday, closing little for the week.

On Friday, the Dow Jones Industrial Average mislaid 279.13 points, oregon 0.63%, and ended astatine 44,371.51. The S&P 500 shed 0.33%, finishing astatine 6,259.75, portion the Nasdaq Composite shed 0.22% to settee astatine 20,585.53.

— Lisa Kailai Han