Main Bazar, Paharganj known for its concentration of hotels, lodges, restaurants, dhabas and a wide variety of shops catering to both domestic travellers and foreign tourists, especially backpackers and low-budget travellers.
Hadynyah | E+ | Getty Images
Asia-Pacific markets mostly rose Monday as investors awaited clarity on U.S. President Donald Trump’s plans to impose impose tariffs this week on key trading partners.
U.S. Commerce Secretary Howard Lutnick reportedly told Fox News on Sunday that the exact tariff that will be levied against Mexico and Canada starting Tuesday is still “fluid,” which means it could be lower than the proposed 25%. He added that the additional 10% duty on China imports is “set.”
Japan’s benchmark Nikkei 225 was up 1.36%, while the broader Topix index advanced 1.27%.
Hong Kong’s Hang Seng index rose 1.33%, while Mainland China’s CSI300 was up 0.44%.
Taiwan’s Taiex index was down 1.68%, falling to its lowest level since early February.
Australia’s S&P/ASX 200 was trading 0.5% higher.
The country’s S&P Global manufacturing purchasing manager’s index reading for February came in at 50.4, similar to the previous month’s 50.6 reading.
Elsewhere, China’s Caixin/S&P Global manufacturing purchasing manager’s index reading for February came in at 50.8, higher than the 50.3 estimated by Reuters and January’s 50.1 reading.
Investors will be keeping a watch on Indian stocks after the South Asian economy expanded 6.2% from a year ago in its third fiscal quarter ended December, recovering from a seven-quarter low. The print is higher than the revised 5.6% growth in the July to September quarter.
South Korean markets were closed for a public holiday.
In U.S., the three major averages closed higher on Friday, after a volatile week and monthly losses in February.
The S&P 500 added 1.59% on Friday to close at 5,954.50. The Dow Jones Industrial Average rose 601.41 points, or 1.39%, closing at 43,840.91. The Nasdaq Composite climbed 1.63% to settle at 18,847.28.
Friday’s trading session saw a brief pullback over the heightened geopolitical tensions after U.S. President Donald Trump and Ukraine President Volodymyr Zelenskyy clashed over differing views of how to end the Russia-Ukraine conflict.
Stocks rallied sharply into Friday’s close, partly because of index rebalancing and other technical-buying sources.
— CNBC’s Yun Li, Hakyung Kim and Alex Harring contributed to this report.
