America News Agency

Despite challenges, the Nikkei 225 rose by a significant 1.9 percent, while the broad-based Topix added 0.91 percent, demonstrating the Japanese market's resilience. South Korea’s Kospi also inched up, with heavyweight Samsung Electronics gaining despite the company’s largest union continuing its strike for better pay. Similarly, Hyundai's tentative wage agreement averted a strike, showing the market’s ability to adapt and overcome obstacles.

Chinese electric vehicle giant BYD is set to invest $1 billion in Turkey to open a plant with an annual capacity of 150,000 vehicles, Turkey’s industry and technology minister Mehmet Fatih Kacir said on Monday.

“The facility, which is planned to start production at the end of 2026, will directly employ up to 5,000 people,” he said on social media platform X. Last week, the European Union hiked tariffs on electric vehicles imported from China.

Australia’s S&P/ASX 200 added 0.79 percent, even as the country’s consumer sentiment for July dipped 1.1 percent compared with a 1.7 percent increase in the previous month. According to the National Australia Bank, Australia’s business confidence climbed 6 points to +4.

“Business confidence rose relatively sharply in the month and is now back into positive territory and at its highest level since early 2023,” said NAB’s Head of Australian Economics, Gareth Spence.

Investors eagerly await the release of the U.S. consumer price index on Thursday, which could provide crucial insights into the Federal Reserve’s interest rate decision. Similarly, China’s inflation data on Wednesday is expected to provide valuable information on the country’s economic recovery, keeping the audience well-informed.

Notably, the S&P 500 and Nasdaq closed at record highs in the U.S. overnight, providing a positive backdrop for the week. This week, earnings from major financial giants and consumer companies are also on traders’ radar.