Asian Shares Mostly Higher Ahead Of Trump Tariff Ruling
RTTNews·2026-01-09 02:35

Market Overview - Asian stocks were mostly higher as investors awaited U.S. jobs data and a Supreme Court ruling on President Trump's tariffs [1] - The dollar strengthened as the U.S. Senate advanced a resolution to limit Trump's military actions against Venezuela [2] - Gold prices were slightly lower at approximately $4,470 per ounce, while WTI crude futures gained over 3% due to supply disruption fears [3] Regional Indices - China's Shanghai Composite index rose by 0.6% following a report of accelerated consumer inflation, primarily due to higher food costs [4] - Japan's Nikkei index surged nearly 1% after China assured that export controls on dual-use items would not affect civilian use [5] - South Korea's Kospi remained stable after five consecutive days of gains, while Australia's S&P/ASX 200 increased by 0.2% [6] U.S. Market Performance - U.S. stocks ended mixed, with technology and semiconductor stocks facing selling pressure, while the defense sector saw gains due to Trump's proposed $500 billion increase in defense spending [7] - The Nasdaq Composite fell by 0.4%, marking its first decline in four sessions, while the Dow rose by 0.6% and the S&P 500 finished slightly higher [8]

Asian Shares Mostly Higher Ahead Of Trump Tariff Ruling - Reportify