A U.S. court ruling against most of Trump’s tariffs and mixed China PMI data set the tone for Asian trade. Regional equities were uneven, with China and Hong Kong steadily higher, but Japan’s Nikkei sliding more than 2%, while FX stayed subdued.
NZ eases rules, allows rich foreign investors to purchase or build $5m+ propertyJapanese equities are being sold hard, Nikkei down 2%Indonesia's central bank threatens forex interventionTSLA news: Tesla cut China Model 3 RWD price amid growing competition and softer EV demandChina S&P Global Manufacturing PMI (August) 50.5 (expected 49.5, prior 49.5)Australian private inflation survey -0.3% m/m (prior +0.9) & 2.8% y/y (prior 2.9%)Australian Q2 business inventories +0.1% q/q (expected +0.2%)Australian July Building permits -8.2% m/m (expected -4.8%, prior +11.9%)PBOC sets USD/ CNY reference rate for today at 7.1072 (vs. estimate at 7.1281)U.S. tariffs hit South Korea exports in August, growth slows sharply to 1.3%Japan August Manufacturing PMI: 49.7 (prior 49.9)Japan data - Capex for Q2 +7.6% y/y (expected +6.2%)A car crashed into the Russian consulate in Sydney this morning, local time.Asian markets will open soon to the big news that a US court ruled Trump's tariffs illegalICYMI - China data showed manufacturing sector contracted for a fifth straight monthAustralian S&P Global Manufacturing PMI (August) 53.0, its highest since September 2022New Zealand data - Building permits (July 2025) +5.4% m/m (prior -6.0%)US futures are open for trade - but not for long! (US holiday Monday)Switzerland says No on gold - Swiss gold industry warns against hasty US shiftFinancial Times: Europe ‘pretty precise’ plan to send troops to Ukraine, von der LeyenTrump denies all the weekend reports of his ill health, says he's "never felt better"ECB’s Rehn sees downside risks to inflation, urges flexibility, no preset rate pathChina property sales drop 17.6% in August, housing slump hits sixth straight monthRed Sea shipping security alert: vessel near Saudi port reports projectile incidentMonday open levels, indicative FX prices, September 1, 2025Newsquawk Week Ahead: US NFP, ISM PMIs, EZ Flash CPI, UK Retail Sales, and Canada JobsChina Manufacturing PMI (August 2025) 49.4 (expected 49.5) Services 50.3 (expected 50.3)US Federal Appeals court rules that most of Trump's tariffs are illegalWeekend headlines saw a U.S. Federal Appeals Court rule that most of Trump’s tariffs are illegal — a setback for his trade plans, though the case is expected to be appealed.
From China, official August PMIs pointed to continued weakness: manufacturing contracted for a fifth month (49.4 vs. 49.3 prior), while non-manufacturing activity edged higher (50.3), lifting the composite to 50.5. The private Rating Dog (formerly Caixin)/S&P Global PMI, released Monday, painted a brighter picture, surprising at 50.5 (exp. 49.5; prior 49.5) and marking a return to expansion.
In markets, USD/JPY held a circa 146.90–147.35 range, while other majors saw muted trade. Equities were mixed across the region, with China and Hong Kong showing resilience but Japan’s Nikkei 225 tumbling more than 2% at one stage.
Asia-Pac stocks:
Japan (Nikkei 225) -1.9%Hong Kong (Hang Seng) +2%Shanghai Composite +0.5%Australia (S&P/ASX 200) -0.7%Note - it's a US and Canadian holiday on Monday.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about investinglive asia pacific fx news wrap us court ruled most trump tariffs illegal was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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