Asian Markets Rise Ahead of Trump's Tariff Deadline

Asian markets edged higher before the deadline for higher tariffs on Chinese goods imposed by US President Trump. With Japan and Thailand markets closed, other Asian markets showed slight gains. The looming tariff deadline and trade tensions continue to impact global markets and investor confidence.

Asian markets saw gains on Monday, as investors anticipated the US President's decision on tariffs against Chinese imports. With Japan and Thailand markets closed for holidays, the Hang Seng index in Hong Kong rose by 0.2%, while Shanghai's Composite index increased by 0.5%.

The trade negotiations, paused earlier in May to encourage dialogue, face a critical deadline on Tuesday. The absence of a new decision from President Donald Trump on extending tariffs adds to market uncertainties. Australia's S&P/ASX 200 advanced by 0.3%, while South Korea's Kospi was relatively stable.

Investors await more US economic data on inflation and retail sales amidst the shadow of trade wars, which are affecting market dynamics and Federal Reserve policies. U.S. inflation and employment concerns remain pivotal, influencing interest rate expectations and economic confidence.

(With inputs from agencies.)