Bangkok — US futures fell and most Asian markets rose on Monday after… Overturned by the Supreme Court President Donald Trump’s most sweeping tariffs.
Tokyo markets were closed for holiday.
Hong Kong led regional gains with the Hang Seng rising 2.2% to 27,003.47. But the Shanghai Composite Index lost 1.3% to 4,082.07 points.
In South Korea, the KOSPI index rose 1.1% to 5873.07.
Australia S&The P/ASX 200 index fell 0.4% to 9,041.00.
Taiwan’s TAEX index jumped 1.4%.
The mixed reactions “highlight the winner-and-lose effect of shifts in tariff policy that have just given a boost to countries that previously had a relatively poor deal,” Rabobank’s Benjamin Picton said in a commentary.
“US tariff policy will continue to be a source of uncertainty for markets, as traders attempt to price the implications of what remains a moving feast,” he wrote.
The future for S&The P 500 lost 0.7%, and the Dow Jones Industrial Average fell 0.6%. Nasdaq Composite futures fell 0.8%.
Wall Street remained calm on Friday after the Supreme Court ruled against Trump’s sweeping tariffs, which worsened the situation. It caused panic in the financial markets When it was announced last year.
S&The P 500 index rose 0.7% to 6,909.51. It was flipping between small gains and losses before the court ruling, after discouraging reports emerged Slowing growth in the US economy and Inflation faster.
The Dow Jones Industrial Average added 0.5% to 49,625.97 points. The Nasdaq Composite Index rose 0.9% to 22,886.07 points.
Tariffs also won’t disappearEven with the Supreme Court ruling. Trump said in the afternoon that he would use other means to impose taxes on imports from other countries after describing the court’s decision as terrible.
“Just so you understand, we have tariffs, we have them in a different way,” Trump told reporters at an afternoon news conference. He said he would sign an executive order imposing a 10% global tariff under a law that could be limited to 150 days. He later raised this percentage to 15%.
The president also said he is exploring further tariffs through other avenues, which would require an investigation through the Commerce Department.
The reaction was tentative, given continuing doubts about what Trump would do.
On Wall Street, Akamai Technologies stock fell 14.1% in one of the biggest losses on the market. The cybersecurity and cloud computing company announced stronger results for the end of 2025 than analysts expected, but gave profit expectations for next year that were lower than estimates.
Akamai plans to spend a larger percentage of its revenue this coming year on equipment and other investments. It’s the latest potential indicator of how computer memory shortages resulting from the AI boom will impact customers across the economy.
Discouraging reports showing slowing US economic growth and accelerating inflation elicited a relatively weak response from investors.
The reports underscore the difficult situation the Fed faces while setting interest rates, but they do not change traders’ expectations much about what the Fed will ultimately do. Traders are still betting that the Fed will cut interest rates at least twice this year, according to data from CME Group.
Lower interest rates would give a boost to the economy and investment prices, but it also threatens to exacerbate inflation. Fed officials said at their last meeting that they wanted to see Inflation falls further Before they support lowering interest rates further.
In other trading early Monday, the price of U.S. crude oil lost 53 cents to $65.95 a barrel. Brent crude, the international standard, fell 51 cents to $70.79 a barrel.
The US dollar fell to 154.11 Japanese yen from 154.99 yen. The euro rose to $1.1828 from $1.1780.
The price of gold rose by 1.9%, while the price of silver rose by 5.5%.