Asia-Pacific markets rise as investor sentiment picks up on Trump’s EU tariffs deadline extension

Asia-Pacific markets rise as investor sentiment picks up on Trump’s EU tariffs deadline extension


Gyeonggi Province Bridge Over River With Buildings Against Sky, South Korea

Jackyenjoyphotography | Moment | Getty Images

Asia-Pacific markets rose Monday as investors welcomed U.S. President Donald Trump’s extended deadline on the imposition of 50% tariffs on imports from the European Union.

Japan’s benchmark Nikkei 225 started the day 0.49% higher while the broader Topix index added 0.45%.

In South Korea, the Kospi index advanced 0.55% in early trade while the small-cap Kosdaq gained 0.95%.

Over in Australia, the benchmark S&P/ASX 200 started the day flat.

Futures for Hong Kong’s Hang Seng index stood at 23,479, pointing to a weaker open compared to the HSI’s Friday close of 23,601.26.

— CNBC’s John Melloy and Lisa Kailai Han contributed to this report.



Source

OpenAI resets spending expectations, tells investors compute target is around 0 billion by 2030
World

OpenAI resets spending expectations, tells investors compute target is around $600 billion by 2030

Sam Altman, CEO of OpenAI, is pictured on Sept. 25, 2025, in Berlin. Florian Gaertner | Photothek | Getty Images OpenAI is telling investors that it’s now targeting roughly $600 billion in total compute spend by 2030, months after CEO Sam Altman touted $1.4 trillion in infrastructure commitments. The artificial intelligence company is providing a […]

Read More
Microsoft gaming chief Phil Spencer retires, replaced by ex-Instacart exec Asha Sharma
World

Microsoft gaming chief Phil Spencer retires, replaced by ex-Instacart exec Asha Sharma

Phil Spencer, CEO of Microsoft Gaming, appears at the Political Opening of the Gamescom conference in Cologne, Germany, on Aug. 23, 2023. Franziska Krug | German Select | Getty Images Microsoft’s head of gaming, Phil Spencer, is leaving the software maker following a 38-year tenure, as the company faces increased challenges in its Xbox business. […]

Read More
Traders brace for Trump’s new tariff plan, possible Iran attack and Nvidia earnings
World

Traders brace for Trump’s new tariff plan, possible Iran attack and Nvidia earnings

Wall Street next week is bracing for President Donald Trump’s new tariff plan following Friday’s Supreme Court ruling, at the same time as traders scan for escalating tensions with Iran and look ahead to Nvidia ‘s latest financial results. Stocks swung between gains and losses on Friday after the high court ruled that Trump wrongfully […]

Read More