Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Asian markets rallied sharply on Monday, driven by investor optimism after a decisive election victory for Japanese Prime Minister Sanae Takaichi and renewed confidence in global monetary easing. The strong win boosted expectations for aggressive reflationary policies in Japan, while relief over Wall Street’s late rebound on Friday helped stabilize risk appetite across global markets.
Japan’s Nikkei index led regional gains, jumping 4.2% to fresh all-time highs as investors welcomed the government’s two-thirds majority, which clears the path for higher public spending and tax cuts. Market participants expect measures such as cutting consumption taxes on food to support domestic demand, while increased military spending could benefit Japanese defense stocks. With voters signaling strong support for “Sanaenomics,” analysts believe further stimulus measures may be announced in the coming months.
Across the region, MSCI’s Asia-Pacific shares excluding Japan rose 1.0%, while South Korea’s tech-heavy index surged 3.9%, buoyed by a global rally in semiconductor stocks. U.S. equity futures also advanced, with S&P 500 and Nasdaq futures up after strong rebounds at the end of last week.
Chipmakers were a major driver of sentiment, with Nvidia, AMD, and Broadcom posting outsized gains as investors rotated into perceived beneficiaries of artificial intelligence spending. However, concerns linger over whether massive AI capital expenditures will generate sustainable returns, given that the largest U.S. tech firms plan to spend hundreds of billions of dollars this year.
Markets are now focused on key U.S. economic data, including jobs, inflation, and retail sales, which will shape expectations for Federal Reserve rate cuts. A June rate cut is increasingly viewed as likely, provided data remains soft enough to justify easing without signaling a sharp slowdown.
In currencies, the yen weakened on expectations of debt-funded stimulus, while the dollar held steady. Commodities also rebounded, with silver and gold rising strongly after recent volatility. Oil prices edged lower as traders awaited developments in U.S.-Iran talks, keeping energy markets on edge.
