- Asian equities retreat to start the day, but recover as investors shrug off the latest Trump trade antics.
- Japan stocks rally strong, looking to end Monday on a positive note.
Asia stocks are mixed on the day but looking upwards as the Nikkei 225 climbs back over 22,800.00.
Asia stocks kicked off the new week hesitant as trade tensions soar to new highs following the soured G7 summit as US President Trump abandoned the two-day summit a day early, fleeing to Singapore and Tweeting about Canadian Prime Minister Justin Trudeau before setting his sights on German Chancellor Angela Merkel, and pulling US support for the G7 final communique, further widening the gap between the US and her closest allies.
Australia’s ASX is down -0.20% and the Shanghai Composite is down -0.26%, while the Hang Seng is up 0.30% for the day with Japan’s Nikkei 225 index is up 0.63%, having shaken off the weekend’s political spats.
Nikkei 225 levels to watch
The Nikkei is back over 22,800.00 as the index resumes the climb after staging a recovery from the last swing low at 21,910.00, while May’s high of 23,044.00 remains unchallenged.
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