Chinese stocks will be in focus, with investors looking out for movements in Alibaba Group after the stock surged nearly 13% on Wall Street.
Asia-Pacific markets mostly fell Monday as investors assess a U.S. federal appeals court ruling that most of U.S. President Donald Trump’s « reciprocal tariffs are illegal. »
The U.S. Court of Appeals for the Federal Circuit held Friday ruled that Trump had overstepped his presidential authority by imposing levies on virtually every country in the world as part of his April 2 « liberation day » announcement.
Investors will also be assessing the developments in India and China relations, after leaders from both countries agreed that they are development partners, not rivals during a two-day meeting of the Shanghai Cooperation Organization regional security bloc.
