Asian markets settled mostly down in thin trade on Monday amid both mainland China and Malaysian markets were closed for holidays. Market sentiments weakened by renewed Sino-US trade tensions as China accused the US of violating the Geneva trade truce over chip curbs and the Trump administration announced it will double the current tariff rate on steel and aluminum imports from 25% to 50%. Moreover, escalating Russia-Ukraine tensions and disappointing manufacturing data from China, Japan and South Korea also kept traders on edge. Japanese shares fell as a stronger yen weighed on export-related shares such as automakers.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | -- | -- | -- |
| Hang Seng | 23,157.97 | -131.80 | -0.57 |
| Jakarta Composite | 7,065.07 | -110.75 | -1.57 |
| KLSE Composite | -- | -- | -- |
| Nikkei 225 | 37,470.67 | -494.43 | -1.32 |
| Straits Times | 3,890.59 | -4.02 | -0.10 |
| KOSPI Composite | 2,698.97 | 1.30 | 0.05 |
| Taiwan Weighted | 21,002.71 | -344.59 | -1.64 |
