While Japan's stock market was closed for a holiday, futures climbed to 42,465 and suggested the index will test its all-time high of 42,426 this week
At the same time, markets largely shook off Trump's latest tariff moves, including an additional 25 per cent tariff on India over purchases of Russian oil
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 per cent, while Japan's Nikkei eked out a small 0.2 per cent gain
US shares rallied on Monday on generally positive earnings reports and increasing bets for a September rate cut from the Fed after disappointing jobs data on Friday
President Donald Trump signed an executive order imposing tariffs ranging from 10 per cent to 41 per cent on US imports from dozens of countries
The dollar held near a two-month high as investors weighed a Federal Reserve decision to hold rates steady and strong earnings from megacap tech firms
Shares in Asia were mostly higher on Wednesday after the US and China ended their latest round of trade talks without a deal. US futures edged higher while oil prices slipped. Beijing's top trade official said China and the United States agreed during two days of talks in Stockholm, Sweden, to work on extending an Aug 12 deadline for imposing higher tariffs on each other. The US side said an extension was discussed, but not decided on. US Trade Representative Jamieson Greer says the American team would head back to Washington and talk to the president about whether that's something that he wants to do. A Friday deadline is looming for many of Trump's proposed tariffs on other countries. Several highly anticipated economic reports are also on the way, including the latest monthly update on the job market. Markets had been floating on a cloud of trade optimism first Japan, then the EU but the sugar high is wearing off. Now, with U.S.-China talks dragging on in Stockholm, there's a
The air of caution saw MSCI's broadest index of Asia-Pacific shares outside Japan slip 0.7 per cent
Stock markets in Asia were mixed on Monday after US stocks rose to more records as they closed out another winning week. US futures and oil prices were higher ahead of trade talks in Stockholm between US and Chinese officials. European futures rose after the European Union forged a deal with the Trump administration calling for 15% tariffs on most exports to the US. The agreement announced after President Donald Trump and European Commission chief Ursula von der Leyen met briefly at Trump's Turnberry golf course in Scotland staves off far higher import duties on both sides that might have sent shock waves through economies around the globe. Tokyo's Nikkei 225 index lost 1% to 41,056.81 after doubts surfaced over what exactly the trade truce between Japan and US President Donald Trump, especially the $550 billion pledge of investment in the US by Japan, will entail. Terms of the deal are still being negotiated and nothing has been formalized in writing, said an official, who insist
Japan's broad Topix index, which had jumped more than 5 per cent over the previous two sessions to reach an all-time high, pulled back 0.7 per cent
The Australian dollar, a common proxy for risk sentiment, fetched $0.66, just off $0.6604 hit earlier, which was the highest since November 2024
Japanese markets returned to action after a holiday in the previous session following the weekend's election where the ruling coalition suffered a defeat in upper house elections
In Japan, the ruling coalition lost control of the upper house in an election on Sunday, further weakening Prime Minister Shigeru Ishiba's grip on power as a tariff deadline looms
Overnight, the S&P 500 and the Nasdaq again closed at record highs as US data including retail sales and jobless claims beat forecasts, indicating a modest improvement in the economy
The benchmark 10-year JGB yield jumped to 1.595 per cent, highest since October 2008, while the 30-year yield hit an all-time high of 3.195 per cent
Trump on Saturday said he would impose a 30 per cent tariff on most imports from the EU and Mexico from August 1, even as they are locked in long negotiations
Asian shares were mixed in cautious trading Friday after Wall Street closed at an all-time high with Delta Air Lines kicking off earnings season with a solid outlook for the rest of 2025, spurring an airline stock rally. Chinese markets were sharply higher. The Hang Seng in Hong Kong added 1.6 per cent to 24,402.41, while the Shanghai Composite index climbed 1.1 per cent to 3,546.50. Tokyo's Nikkei 225 edged down 0.1 per cent to 39,662.19, while South Korea's Kospi was up 0.1 per cent to 3,185.15. Australia's S&P/ASX 200 slipped 0.1 per cent to 8,583.40. India's BSE Sensex was flat at 83,190.28. Just as the market was catching its breath at new highsdrunk on Nvidia fumes and blissfully ignoring the dollar's quiet groanPresident Trump tugged the rug again. A new act in the tariff opera: 35 per cent duties on Canadian imports, with a sweeping upgrade in blanket tariffs now floating between 15 per cent and 20 per cent," Stephen Innes of SPI Asset Management said in a ...
The United States is close to finalising several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9
The MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.2 per cent to hover just below a near four-year top. Japan's Nikkei was flat
Japan's Nikkei gauge of shares sank as much as 1.1 per cent as the yen climbed. Oil fell for a second consecutive session and gold advanced