Asian equity markets were mixed while most base metal prices rose as investors and traders weighed President Trump’s pledge to impose 25% tariff on steel and aluminum imports.

Asian shares were trading mixed on Monday, as investors found bargains despite worries about U.S. President Donald Trump's various tariffs. Japan's benchmark Nikkei 225 shed 0.1% in early trading to 38,

Korea’s KOSPI index fell by 2.5% on Monday, as Trump’s tariff moves could threaten both South Korea’s export-heavy economy, as well as the supply chains of its major manufacturers. Electronics giants Samsung and LG, and automakers Kia and Hyundai, all have manufacturing facilities in Mexico.