The Chinese flag flies over the chest wall.
liu liqun | Corbis Documentary | Getty Images
The Asia-Pacific market was scheduled to rise on Monday as US President Donald Trump suspends tariffs on some household appliances, raising risk sentiment.
Trump exempts smartphones and computers as well as other devices and components, such as semiconductors, from his new “mutual” tariffs, according to U.S. Customs and Border Protection Police, issued late Friday.
But Trump and Commerce Secretary Howard Lutnick suggested on Sunday that the exemptions are not permanent and stimulate more uncertainty.
Trump said in his true social post that these products are still “surviving 20% ​​of the existing fentanyl tariffs and are simply moving to another tariff “buckets.”
Several countries in the region are also preparing to negotiate trade with the US this week.
According to two people close to the White House, Trump is engaged in negotiations with countries including Vietnam, India, South Korea and Japan, prioritizing strategic existing trading partners to counter China.
According to local broadcaster NHK, Japan’s top trade representative Akazawa Riosei is scheduled to visit the US this week for consultations with US Treasury Secretary Scott Bescent and US Trade Representative Jamieson Greer.
Country benchmark Nikkei 225 Futures contracts in Chicago were 34,080, with Osaka’s counterpart trading at 33,720 against an end of 33,585.58.
Hong Kong’s Hangsen Index futures pointed to 21,059, referring to a stronger open compared to HSI’s near 20,914.69 last Friday.
Meanwhile, Australia’s futures point to a higher open 7,678 S&P/ASX 200 The final end of 7,646.5.
– CNBC’s Sean Conlong, Hakyung Kim and Pia Shin contributed to this report.
