Shanghai Bund skyline panorama
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Asia-Pacific markets are set to have a cautious open Tuesday, with investors assessing the record gains on Wall Street and the global impact of U.S. President Donald Trump’s tariff policies as his 90-day tariff reprieve is set to expire next week.
U.S. Treasury Secretary Scott Bessent said on Monday that there are “countries that are negotiating in good faith.” However, he added that tariffs could still “spring back” to the levels announced on April 2 “if we can’t get across the line because they are being recalcitrant.”
Japan’s benchmark Nikkei 225 was set to open lower, with the futures contract in Chicago at 40,330 while its counterpart in Osaka last traded at 40,250, against the index’s Monday close of 40,487.39
Australia’s S&P/ASX 200 is set to open marginally lower with futures tied to the benchmark at 8,531 compared to its last close of 8,542.30.
Hong Kong markets are closed for a public holiday.
— CNBC’s Sean Conlon and Pia Singh contributed to this report.