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Market Commentary - Foreign Markets

Chinese shares end lower over tariff uncertainty

30-May-2025, 04:29
Asian stocks ended mostly lower on Friday due to uncertainty surrounding a court battle about U.S. President Donald Trump's tariffs and rising concerns about U.S. economic stability.

Gold headed for a weekly loss in Asian trade as the dollar ticked higher ahead of a key U.S. inflation reading that may provide further insight into the Federal Reserve's policy trajectory.

Oil prices were set for a second weekly decline, weighed down by expectations of another OPEC+ output hike in July.

China's Shanghai Composite index dropped 0.47 percent to 3,347.49, with Apple suppliers leading losses after U.S. Treasury Secretary Scott Bessent said U.S.-China trade talks are a bit stalled, and getting a deal over the finish line may need the direct involvement of President Donald Trump and Chinese President Xi Jinping.