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The S & P / ASX 200, meanwhile, gained 0.19%, with the consumer goods sub-index rising 1.01%, gaining in the morning
. positive territory after diving at the beginning of the night session on commercial concerns. The Dow Jones Industrial Average rose 0.15% or 35.77 points to close at 24,307.18, the S & P 500 gained 0.31% to 2,726.71 and the Nasdaq composite outperformed , up 0.76% to close at 7,567.69. Mood Tuesday, investors are likely to continue to follow developments on the trading front. An imminent deadline on July 6 is set to see the United States impose a 25 percent duty on $ 34 billion worth of Chinese goods from more than 800 product categories. China also announced that it would retaliate with duties on the same value of US products.
The United States is also engaged in trade disputes with other key trading partners, including Canada and the European Union. The United States could face US $ 300 billion in tariffs if the Trump administration imposed duties on European cars, according to the Financial Times.
Markets in Europe and Asia closed down concerns over trade, with the pan-European Stoxx 600 down 0.84 percent. Asian equity indices recorded higher losses as Chinese markets resumed their downtrend after being relegated at the end of last week, with the Shanghai Composite falling 2.52% on Monday. Secretary of Commerce, Wilbur Ross, told CNBC that there was no "level of the spine" that would change US President Donald Trump's trade policy mindset.
. The dollar index, which tracks the dollar against a basket of currencies, was traded at 94.843 at 8:03 am HK / SIN after being raised above the 95 handful in the session of the night. Against the yen, the dollar traded at 110.91.
In advance, the Reserve Bank of Australia is expected to announce its decision on interest rates at 12:30 pm. HK / SIN.
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