Monday 3rd November 2025: Asian Stocks Gain on U.S.–China Tariff Truce; Australian Market Slightly Lower

Global Markets:

•  Asian Stock Markets : Nikkei up 2.12%, Shanghai Composite up 0.05%, Hang Seng up 0.53% ASX down -0.04%
• Commodities : Gold at $4,022.90 (0.66%), Silver at $48.585 (0.88%), Brent Oil at $65.08 (0.48%), WTI Oil at $61.24 (0.43%)
• Rates : US 10-year yield at 4.101, UK 10-year yield at 4.4080, Germany 10-year yield at 2.6369

News & Data:

• (CAD) GDP m/m  -0.3%%  to 0.0% expected

Markets Update:

Asian stock markets are trading mostly higher on Monday, tracking the positive cues from Wall Street on Friday after a temporary tariff truce between the U.S. and China. The deal, which includes China’s agreement to purchase more U.S. energy and lift export controls on rare earths, has boosted optimism about improved trade ties between the two largest oil consumers. Both U.S. President Donald Trump and Chinese President Xi Jinping agreed to extend the truce during their meeting in South Korea, lowering overall U.S. tariffs on Chinese imports to 47% from 57%.

The Australian market is slightly lower, extending losses from the previous four sessions. The S&P/ASX 200 Index slipped 0.06% to 8,876.80, weighed by weakness in mining and gold stocks, though gains in energy, financial, and tech sectors limited the decline. Among miners, BHP, Fortescue, and Rio Tinto traded flat to lower, while gold miners such as Evolution and Genesis lost nearly 3%. Energy stocks rose, with Beach Energy and Santos up nearly 1%.

Tech stocks led gains, with Block and Zip advancing over 2%. The big four banks also posted solid gains, led by Westpac, up nearly 3%.

Economic data showed Australia’s manufacturing sector contracting in October, with the PMI slipping to 49.7. Building permits, however, surged 12% in September. The Aussie dollar traded at $0.655.

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The post Monday 3rd November 2025: Asian Stocks Gain on U.S.–China Tariff Truce; Australian Market Slightly Lower first appeared on IC Markets | Official Blog.