Asia stock markets declined on Monday after President Trump confirmed that significant tariffs will start on August 1, not July 9. Treasury Secretary Bessent mentioned tariffs would return to April 2 levels for non-agreement countries.

Asian shares edged higher as President Donald Trump left the door open for additional negotiations after imposing new tariff rates on partners including Japan and South Korea.

On the daily markets analysis on Open For Business, Andrea Heng and Hairianto Diman speak with Sean Yokota, Head of Markets in Asia at SEB.