Asian markets settled mostly lower on Monday as Moody's downgrade of the US credit rating reinforced concern about the US sovereign bond market. Also weighing on the market were comments from US Treasury Secretary Scott Bessent that President Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in good faith. Japanese shares declined as the yen strengthened on expectations of a Bank of Japan interest rate hike. Meanwhile, China announced that it will impose up to 75% of anti dumping duties on plastic imports from the United States, European Union, Taiwan and Japan. Chinese markets ended unchanged after mixed economic data. Industrial output held up in April but retail sales and investment disappointed as firms and households turned more cautious due to the trade war, data showed.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,367.58 | 0.12 | 0.00 |
| Hang Seng | 23,332.72 | -12.33 | -0.05 |
| Jakarta Composite | 7,141.09 | 34.56 | 0.48 |
| KLSE Composite | 1,556.14 | -15.61 | -0.99 |
| Nikkei 225 | 37,498.63 | -255.09 | -0.68 |
| Straits Times | 3,876.20 | -21.67 | -0.56 |
| KOSPI Composite | 2,603.42 | -23.45 | -0.90 |
| Taiwan Weighted | 21,523.83 | -319.86 | -1.49 |
