Asian shares were trading mixed on Monday, as investors found bargains despite worries about U.S. President Donald Trump’s various tariffs.
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In currency trading, the U.S. dollar rose to 152.11 Japanese yen from 151.39 yen. The euro cost $1.0304, down from $1.0328. Trump also said he would apply 25% tariffs on all steel and aluminum imports from all countries into the U.S. Treasury yields also climbed in the bond market after a discouraging report on Friday morning suggested sentiment is unexpectedly souring among U.S. consumers. The preliminary report from the University of Michigan said U.S. consumers are expecting inflation in the year ahead to hit 4.3%, the highest such forecast since 2023.In Japan, Honda Motor Co. and Nissan Motor Corp. both report earnings on Thursday, as speculation grows their ongoing talks to set up a joint holding company may unravel.
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