Japan’s benchmark Nikkei 225 dipped by 0.1% in early trading, settling at 38,746.96.
In related news, the Japanese government announced a record current account surplus of 29 trillion yen for last year, underscoring strong returns on overseas investments boosted by a weak yen and a rebound in exports.
South Korea’s Kospi edged up by 0.1% to 2,524.85, while Australia’s S&P/ASX 200 fell by 0.4% to 8,479.30.
In a regional contrast, Hong Kong shares opened higher on Monday, buoyed by optimism over China’s growing influence in the artificial intelligence sector, which has sparked renewed confidence in its tech companies.
The Japanese yen weakened by more than 0.3% to 151.93 per dollar, remaining near the one-month high reached last Friday amid rising expectations of an interest rate hike by the Bank of Japan later this year.
Gold prices have surged to a new record high following President Trump’s latest tariff move, as investors rush to secure safe-haven assets. In early trading, the spot price of gold climbed 1% to $2,892 per ounce, surpassing the previous record set just last Friday.
This rally comes amid growing concerns over the impact of Trump’s policies, with gold having risen 10% since the start of the year, up from $2,623 per ounce at the close of 2024.
Meanwhile, China’s yuan slid to a three-week low against the dollar, with the onshore yuan dropping to 7.3082 per dollar. The Australian dollar also fell slightly by 0.1% to $0.62705.
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