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U.S. futures dropped and Asian shares were mostly higher connected Monday (February 23, 2026) aft the Supreme Court struck down astir of President Donald Trump's sweeping tariffs.
Bitcoin tumbled arsenic overmuch arsenic 5% aboriginal connected Monday (February 23), dropping beneath $65,000. The sell-off has been driven by investors pulling retired of speculative assets and concerns astir aboriginal cryptocurrency regulation.
The archetypal cryptocurrency, pitched arsenic “digital gold”, has mislaid astir fractional of its worth since Oct 6, erstwhile it deed a grounds precocious of $126,210.50.
Markets successful Japan and mainland China were closed for holidays.
Hong Kong led determination gains arsenic its Hang Seng scale surged 2.2% to 26,980.22.
In South Korea, the Kospi gave backmost aboriginal gains, edging 0.1% little to 5,809.53.
Australia's S&P/ASX 200 shed 0.6% to 9,024.40.
Taiwan's Taiex added 0.5% and the Sensex successful India was up 0.4%. The SET successful Bangkok jumped 1.1%.
The mixed reactions are “highlighting the winners-and-losers effect of shifts successful tariff argumentation that has conscionable delivered a boost to countries who antecedently had a comparatively atrocious deal,” Benjamin Picton of Rabobank said successful a commentary.
“U.S. tariff argumentation volition proceed to beryllium a root of uncertainty for markets arsenic traders effort to terms successful the implications of what is inactive a movable feast,” helium wrote.
The aboriginal for the S&P 500 mislaid 0.8% and that for the Dow Jones Industrial Average dropped 0.7%. The aboriginal for the Nasdaq composite scale was down 1%.
On Friday (February 20), Wall Street kept calm aft the Supreme Court's ruling against Mr. Trump's sweeping tariffs, which triggered panic successful fiscal markets erstwhile they were announced past year.
The S&P 500 roseate 0.7% to 6,909.51. It had been flipping betwixt tiny gains and losses earlier the court's ruling, pursuing discouraging reports showing slowing maturation for the U.S. system and faster inflation.
The Dow Jones Industrial Average added 0.5% to 49,625.97. The Nasdaq composite roseate 0.9% to 22,886.07.
Tariffs aren't going away, adjacent with the Supreme Court's ruling. Mr. Trump said connected Friday (February 20) helium would usage different avenues to enactment taxes connected imports from different countries aft calling the court's determination terrible.
MR. Trump said helium would motion an enforcement bid to enforce a 10% planetary tariff nether a instrumentality that could bounds it to 150 days. He aboriginal raised that to 15%. He said he's exploring different tariffs done different avenues, ones that would necessitate Commerce Department investigations.
The absorption has been tentative fixed persisting uncertainties implicit what helium volition do.
On Wall Street, Akamai Technologies dropped 14.1% for 1 of the market's sharpest losses. The cybersecurity and unreality computing institution reported stronger results for the extremity of 2025 than analysts expected, but it gave a nett forecast for the upcoming twelvemonth that fell abbreviated of estimates.
Akamai plans to walk a bigger percent of its gross this upcoming twelvemonth connected instrumentality and different investments. It's the latest imaginable indicator of however shortages of machine representation created by the AI roar are affecting customers passim the economy.
Discouraging reports showing slowing U.S. economical maturation and accelerating ostentation drew a comparatively muted response.
The reports item the Federal Reserve's dilemma implicit involvement rates, but did not alteration traders' expectations overmuch for what the Fed volition yet do. Traders are inactive betting that the Fed volition little rates astatine slightest doubly this year, according to information from CME Group.
Lower involvement rates would springiness the system and concern prices a boost, but they besides hazard worsening inflation. Fed officials said astatine their past gathering that they privation to spot ostentation autumn further earlier they would enactment cutting rates further.
In different dealings aboriginal connected Monday (February 23), U.S. benchmark crude lipid mislaid 77 cents to $65.71 per barrel. Brent crude, the planetary standard, gave up 74 cents to $70.56 per barrel.
The U.S. dollar slipped to 154.40 Japanese yen from 154.94 yen. The euro roseate to $1.1820 from $1.1797.
The terms of golden roseate 1.9%, portion the terms of metallic was up 5.4%.
