Monday 13th October 2025: Asian Markets Slide as U.S.-China Trade Tensions Escalate and Wall Street Slumps

Global Markets:

•  Asian Stock Markets : Nikkei down -1.01%, Shanghai Composite down -1.30%, Hang Seng down -3.53% ASX down -0.95%
• Commodities : Gold at $4,072.55 (1.80%), Silver at $49.330 (4.41%), Brent Oil at $63.59 (1.37%), WTI Oil at $59.73 (1.41%)
• Rates : US 10-year yield at 4.076, UK 10-year yield at 4.6730, Germany 10-year yield at 2.6340

News & Data:

• (CAD) Employment Change  60.4K  to 2.8K expected
• (CAD) Unemployment Rate  7.1%  to 7.2% expected

Markets Update:

Asian stock markets are sharply lower on Monday, mirroring the heavy losses on Wall Street on Friday, as investor sentiment weakened following renewed U.S.-China trade tensions. U.S. President Donald Trump threatened to sharply raise tariffs on Chinese goods in response to China’s decision to expand export restrictions on rare earth minerals, critical for manufacturing and technology industries. The move reignited fears of a global economic slowdown.

In Australia, stocks are notably lower, extending Friday’s mild losses. The benchmark S&P/ASX 200 Index fell 54.50 points, or 0.61 percent, to 8,903.80 after hitting a low of 8,884.10 earlier. The broader All Ordinaries Index declined 58.10 points, or 0.63 percent, to 9,206.20. Energy and technology stocks led the declines, while gold miners provided some support.

BHP Group and Rio Tinto slipped over 1 percent each, while Fortescue fell 2 percent and Mineral Resources lost more than 3 percent. Technology stocks were hit hard, with Block tumbling 5 percent and WiseTech Global sliding over 3 percent.

Gold miners gained strongly, with Evolution Mining, Northern Star, and Newmont rising nearly 4 percent each. Meanwhile, Treasury Wine Estates plunged 13 percent after withdrawing earnings guidance.

Elsewhere in Asia, Hong Kong and Taiwan dropped 2.3 percent and 1.7 percent, respectively, while most regional markets traded lower amid mounting global trade concerns.

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The post Monday 13th October 2025: Asian Markets Slide as U.S.-China Trade Tensions Escalate and Wall Street Slumps first appeared on IC Markets | Official Blog.