China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Asian stock markets traded mostly higher on Tuesday, buoyed by Wall Street’s record-breaking performance, with South Korea’s KOSPI surging 1.6% to lead regional gains. Investor sentiment was lifted by optimism around trade negotiations ahead of U.S. President Donald Trump’s July 9 tariff deadline, which could see current 10% tariffs rise further without new agreements.
Samsung Electronics (KS:005930) jumped nearly 2%, driving South Korea’s rally. The positive momentum followed the S&P 500 and Nasdaq hitting all-time closing highs on Monday, while U.S. futures edged higher during Asian trading hours.
China’s Shanghai Composite rose 0.2% and the CSI 300 index added 0.1% after Caixin Manufacturing PMI data showed an unexpected uptick in June, signaling improved trade conditions. Australia’s ASX 200 added 0.2%, and Singapore’s Straits Times Index climbed 0.8%. Indian Nifty 50 futures remained flat. Hong Kong markets were closed due to a public holiday.
Investors remained cautious as Trump’s tariff ultimatum nears. Although the U.S. finalized a trade deal with China last week and Canada withdrew its proposed digital services tax to restart talks, U.S. Treasury Secretary Scott Bessent warned of potential tariff hikes despite active negotiations, urging countries to secure deals swiftly.
Japan’s Nikkei 225 fell 1%, retreating from near a one-year high, while the TOPIX declined 0.8%. The pullback came after Trump criticized ongoing U.S.-Japan trade talks, accusing Tokyo of refusing to import American rice despite domestic shortages. Trump labeled Japan “spoiled” in a Truth Social post and hinted at upcoming tariff action, adding tension to already strained bilateral talks.
With Trump’s July 9 deadline fast approaching, markets are bracing for a flurry of last-minute trade developments that could significantly impact regional equities.
