Asia-Pacific markets experienced declines on Monday. Investors evaluated geopolitical developments, including statements from the U.S. administration concerning Greenland, and recent economic data from China.
Over the weekend, U.S. President Donald Trump and European leaders engaged in discussions regarding the Arctic territory of Greenland. Trump reportedly suggested tariffs on eight European countries and sought control of Greenland, which is part of Denmark. European leaders characterized these threats as "completely wrong" and "unacceptable."
In Asia, China released its fourth-quarter GDP figures, alongside December data for retail sales, urban investment, and industrial output. The Hong Kong Hang Seng index decreased by 1.07%, while the mainland Chinese CSI 300 saw a marginal reduction. Japan's Nikkei 225 fell by 0.65%, closing at 53,583.57, marking its third consecutive losing session. The Topix declined marginally to 3,656.4.
Yields on long-term Japanese Government Bonds (JGBs) reached new highs, with the benchmark 10-year JGB yield hitting 2.279%, its highest since 1999. Yields for 20- and 30-year JGBs also achieved record levels. South Korea's markets diverged from the wider trend, with the Kospi increasing by 1.32% to 4,904.66 and the small-cap Kosdaq gaining 1.44% to 968.36. Automaker Hyundai's shares surged by up to 17.92% on Monday, reaching a record high.
Australia's S&P/ASX 200 declined by 0.33% to 8,874.5, influenced by technology stocks. In commodities, both spot silver and gold prices recorded new highs. Silver increased by over 3.88% to $93.38 per ounce, and gold traded 1.72% higher at $4,673.96 per ounce.