Stocks Trade in Tight Range, US Copper Hits Record: Markets Wrap
From Yahoo Finance: 2025-03-26 00:42:00
Asian stocks traded in a tight range as investors await clarity on upcoming US tariffs. The MSCI Asia Pacific Index gained 0.3%, while US copper hit a record high on tariff speculation. Trump plans a significant tariff announcement on April 2. In commodities, oil rose and gold held steady near a record.
US tariffs on copper imports could arrive sooner than expected, sources say. The Hang Seng Tech Index rallied 1.6%, boosted by optimistic projections for Chinese stocks. Geopolitically, Russia and Ukraine agreed to a Black Sea ceasefire. Consumer sentiment is low due to tariff fears and stagflation risk.
Oil rose on US inventory drawdown, while gold held near a record. Market movements: S&P 500 futures steady, Japan’s Topix up 0.6%, Australia’s S&P/ASX 200 up 0.7%, Hong Kong’s Hang Seng up 0.2%, Shanghai Composite up 0.2%, and Euro Stoxx 50 futures up 0.1%. Currency movements also show stability.
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