Cling Seng Index: AI Rally Lifts US Markets, however US Tariff Jitters Hit Asia…

Australia’s ASX 200 Index edged zero.04% larger on Tuesday morning, monitoring Wall Road’s in a single day positive factors. Banking, gold, and tech shares offset losses within the mining sector.

Gold costs surged 1.66% on Monday as traders sought safe-haven belongings amid commerce considerations, driving Northern Star Sources (NST) up four.24%. Gold prolonged its rally on February 11, reaching a file excessive of $2,943.

In the meantime, US tariff jitters weighed on mining shares, with BHP Group Ltd (BHP) and Rio Tinto Ltd. (RIO) trending decrease. Iron ore spot was down zero.85% on Tuesday morning.

Nikkei Index: Japan’s Market Closed for Basis Day

Japan’s Nikkei Index was closed on Tuesday in observance of Nationwide Basis Day.

Outlook: Dangers and Alternatives Forward

Wanting forward, US-China commerce tensions, geopolitical dangers, and the worldwide AI sector will proceed to affect market tendencies. AI shares might lengthen their rally as competitors within the sector intensifies. Nevertheless, manufacturing and mining shares stay uncovered to tariff-driven volatility.

Progress in US-China commerce negotiations may carry Australian, Hong Kong, and Mainland Chinese language markets. The Cling Seng Index might profit from AI-driven momentum. However, Asian markets stay prone to additional trade-related setbacks.

For methods to navigate this week’s market tendencies, click on right here.