South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Asian stock markets delivered a mixed performance on Monday as uncertainty surrounding U.S. President Donald Trump’s trade tariffs dampened investor sentiment. Trading volumes remained thin due to market holidays in China and Japan, adding to cautious market activity across the region.
Hong Kong’s Hang Seng Index emerged as the top performer, surging 2.7% as bargain hunters stepped in following last week’s sharp declines. Gains were led by technology, industrial, and automobile stocks, with investors targeting companies linked to artificial intelligence growth. Market attention also turned to mainland China, where exchanges are set to reopen after the week-long Lunar New Year holiday, an event that typically boosts economic activity.
South Korea’s KOSPI index climbed more than 1% to reach a record high, supported by strong gains in semiconductor stocks. Samsung Electronics and SK Hynix drove the rally amid growing optimism over AI-driven demand for advanced memory chips. Reports suggesting Samsung could secure a significant supply agreement with Nvidia for high-performance AI memory chips further strengthened sentiment. Nvidia’s upcoming earnings report is also in focus, as the chipmaker remains a bellwether for global AI and semiconductor trends.
Despite positive cues from Wall Street’s previous session—where stocks advanced after the U.S. Supreme Court limited Trump’s ability to impose tariffs under emergency economic powers—markets stayed cautious. President Trump responded by announcing a 10% universal tariff under a separate law and later increased it to 15%. S&P 500 Futures fell 0.7% during Asian trading hours, reflecting lingering concerns over escalating trade tensions.
Elsewhere in Asia, Singapore’s Straits Times Index edged up 0.4%, while Australia’s ASX 200 declined 0.5%. India’s Nifty 50 futures slipped 0.4%. Safe-haven assets such as gold and the Japanese yen attracted stronger inflows as investors weighed the potential impact of renewed U.S. trade tariffs on global markets.
