Most Asian stocks kept to a tight range on Monday as investors digested the announcement of even more trade tariffs by U.S. President Donald Trump, while Chinese markets advanced on positive trade data for June.
Goldman Sachs Group Inc strategists raised their forecast for Asian stocks, citing a more favourable macro environment and greater certainty around tariffs.
China should add as much as 1.5 trillion yuan (US$209 billion or RM891 billion) in fresh stimulus to boost consumer spending and maintain currency flexibility to counter US tariffs’ drag on growth, academics including an adviser to the country’s central bank said.
Oil prices rose on Friday after US President Donald Trump said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer, while tariff concern and rising Opec+ output capped gains.
Malaysia’s industrial production grew at a much slower pace in May 2025 amid deepening contraction in the mining sector and a slowdown in manufacturing activities.
US President Donald Trump ramped up his tariff assault on Canada on Thursday, saying the US would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners.