This is CNBC’s live blog covering Asia-Pacific markets.
Asia-Pacific markets are mostly higher Monday as U.S. President Donald Trump’s April 2 tariff deadline looms.
Australia’s S&P/ASX 200 slipped 0.07%.
South Korea’s Kospi was up 0.13%, while the small-cap Kosdaq added 0.74% after South Korea’s Prime Minister Han Duck-soo’s impeachment was struck down by the country’s Constitutional Court.
Japan’s Nikkei 225 rose 0.14% while the Topix slipped 0.24%.
Hong Kong’s Hang Seng Index was up 0.10% and mainland China’s CSI 300 traded flat after China’s Premier Li Qiang cautioned “rising instability” and called for countries to open up markets and enterprises.
U.S. stock futures were higher, signaling that equities could extend their recent gains.
Last Friday in the U.S., the three major averages closed higher. The indexes rebounded from their lows after Trump mentioned there would be some “flexibility” regarding tariffs. However, he reiterated the April 2 deadline for reciprocal tariffs.
The S&P 500 added 0.08% to close at 5,667.56, rising into positive territory to end four consecutive weeks of declines that were brought on by trade policy turmoil, recession fears and a rollover in megacap tech shares. The Nasdaq Composite gained 0.52% and settled at 17,784.05, while the Dow Jones Industrial Average advanced 32.03 points, or 0.08%, to close at 41,985.35.
CNBC’s Brian Evans, Sean Conlon and Hakyung Kim contributed to this report.
Stocks close out the week in the green
Stocks finished in positive territory on Friday after a week of volatility.
The S&P 500 moved 0.08% higher to close at 5,667.56, while the Nasdaq Composite jumped 0.52% to close at 17,784.05. The Dow Jones Industrial Average also inched 32.03 points, or 0.08%, higher to settle at 41,985.35.
— Sean Conlon
Tariff anxiety is likely to cap upside until April 2, Barclays says
There is unlikely to be any real stock upside until there is clarity on the tariff front, which could come April 2 when several duties are expected to take effect, according to Barclays.
“Stocks have bounced from oversold level, but tariffs anxiety will likely cap upside ahead of April 2nd,” Emmanuel Cau, head of European equity strategy, wrote in a note.
“With Trump dubbing the April 2nd tariffs deadline as a ‘liberation day,’ it is hard to ignore the downside risks, especially if a worst case scenario of 25% blanket tariffs materialises,” Cau added.
— Sarah Min
