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Asia-Pacific markets were expected to be mixed as investors weighed the threat of new U.S. tariffs related to Greenland, raising concerns about a widening rift between the U.S. and European countries.
European countries are reportedly discussing counter-tariffs or broader punitive economic measures in response to President Donald Trump’s threat of new tariffs, further straining relations over Greenland.
President Trump announced on Saturday that exports from eight European countries would begin at 10% on February 1st and increase to 25% by June 1st if the United States cannot secure control of the semi-autonomous Danish-ruled mineral-rich Greenland.
Hong Kong’s Hang Seng Index futures stood at 26,640, above the HSI’s last closing price of 26,563.9.
Investors are keeping a close eye on Japanese markets after Prime Minister Sanae Takaichi announced plans on Monday to dissolve parliament and hold a snap election on February 8.
Japanese Nikkei Stock Average Futures showed a stronger open market, with the Chicago futures contract at 53,610, compared to the previous close of 53,583.57.
Australia’s S&P/ASX 200 started the day slightly lower.
U.S. stock futures pointed to weak trading on Wall Street as President Trump intensified his rhetoric on Greenland.
