On Wall Street, the Dow Jones Industrial Average declined by 0.3% to 44,421.91, the S&P 500 fell by 0.8% to 5,994.57, and the Nasdaq Composite dropped by 1.20% to 19,391.96.
In the bond market, yields on the benchmark 10-year US Treasury notes eased as investors sought the safety of US government debt, falling from 4.567% late on Friday to 4.533%.
In Asia, markets rallied on Tuesday after President Donald Trump announced that tariffs on Mexico and Canada would be postponed for a month.
The region saw widespread gains, with Hong Kong’s Hang Seng Index rising by 2.10% to 20,642.58. Japan’s Nikkei 225 climbed 1.61% to 39,140.41, South Korea’s Kospi increased by 1.63% to 2,493.99, and Australia’s S&P/ASX 200 increased by 0.13% to 8,390.20.
Markets are expected to maintain their gains following the delay of tariffs. Analysts noted that Tuesday’s market rally was largely driven by the postponement of tariffs on countries such as Canada and Mexico.
Last week, President Trump imposed a 10% tariff on Chinese imports, which came into effect at 12:01 AM ET on Tuesday (5:01 AM GMT).
“The significant drop in the US dollar, combined with hopes for tariff relief, should help markets sustain their gains—unless there is an unexpected downturn in US-China negotiations,” said Yeap Jun Rong, a market strategist at IG, in a note.
Mr. Yeap added that the tariff delay offers immediate relief for risk sentiment and “highlights President Trump’s willingness to negotiate, potentially using tariff adjustments as bargaining chips rather than sticking to rigid policy decisions.”
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