Asian markets climbed on Monday as investors anticipated a major stimulus package from China to counterbalance the impact of new US tariffs. The prospect of economic support from Beijing fueled optimism despite concerns over trade tensions.
Traders closely monitored last-minute negotiations as the US prepared to impose 25 percent tariffs on imports from Mexico and Canada alongside an additional 10 percent levy on Chinese goods. The tariffs, set to take effect on Tuesday, heightened uncertainty in global markets.
“Traders are on edge for last-minute negotiations to sidestep US tariffs,” said Stephen Innes, an analyst at SPI Asset Management. Investors remain hopeful that China’s potential stimulus measures will provide stability amid escalating trade tensions.
