Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Asian Stocks Slide as Oil Surge, U.S.-Iran Tensions and Fed Rate Bets Weigh on Markets 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
Asian stocks edged lower on the final trading day of the year, capping a period in which investors largely looked past tariff-related uncertainty and instead focused on the powerful rally in artificial intelligence chip stocks. With Japanese markets closed for the remainder of the week and many global exchanges shut for the New Year holiday, trading volumes were thin and price movements subdued.
MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.17% on Wednesday but is still set to post a robust 27% gain for the year, its strongest performance since 2017. The rally was driven primarily by semiconductor stocks benefiting from surging demand linked to AI adoption. China’s blue-chip index inched higher and is on track for an 18% annual rise, while Hong Kong’s Hang Seng dipped 0.7% on the day but is poised to deliver an impressive 28% gain for the year as investors shrugged off trade war concerns.
South Korea stood out as the world’s best-performing major equity market, with the Kospi soaring 76% over the year, led by heavyweight chipmakers SK Hynix and Samsung. Analysts noted that despite geopolitical tensions, tariff wars, and policy uncertainty, global markets delivered exceptional returns, albeit with gains concentrated in specific sectors such as AI and technology.
Precious metals were another major theme. Silver captured headlines with an extraordinary rally, pushing its yearly gains beyond 160%, though prices dipped slightly as traders took profits. Gold also firmed and is on track for a 66% surge in 2025, extending a three-year rally fueled by inflation hedging, central bank demand, and investor appetite for safe-haven assets.
In currency markets, the U.S. dollar faced its worst year since 2017, down 9.4%, allowing the euro and British pound to record strong annual gains. Meanwhile, oil prices fell more than 10% in 2025, with Brent crude heading for its longest streak of annual losses as global supply outpaced demand despite ongoing geopolitical conflicts.
Looking ahead, investors remain focused on the Federal Reserve’s interest rate path and the sustainability of crowded trades in AI stocks and precious metals as markets move into 2026.
