Japanese Yen Nears Seven-Month High as Oil Approaches $100 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
China to Inject $45 Billion Into State Financial Institutions 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
South Korea GDP Surges on Chip and AI Boom 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Gold Prices Rise as Yen Rally Weakens Dollar 
Asian Stocks Mixed as Korean Chipmakers Rally 
China Inflation Accelerates in August as CPI, PPI Rise 
UK House Prices Fall for First Time Since 2023 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
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Asian markets rose on Thursday, tracking gains in U.S. futures after a U.S. court blocked President Donald Trump’s proposed “liberation day” trade tariffs. Technology shares led the rally, buoyed by strong earnings from NVIDIA Corporation (NASDAQ:NVDA), while South Korean stocks outperformed on a surprise interest rate cut.
The U.S. Court of International Trade ruled that Trump exceeded his authority by invoking the International Emergency Economic Powers Act (IEEPA) to impose steep reciprocal tariffs. The decision raised hopes of a pause in aggressive trade duties, though the White House signaled plans to appeal, injecting short-term uncertainty into global markets.
South Korea’s KOSPI surged over 1.7%, driven by gains in chipmakers Samsung Electronics and SK Hynix, key suppliers to Nvidia. The Bank of Korea’s 25 basis point rate cut and dovish outlook further fueled investor optimism, making Korean equities the top regional performers.
China’s Shanghai Composite and CSI 300 indices rose 0.8% each, and Hong Kong’s Hang Seng added 0.5%, although concerns over deflation and weak growth capped further upside. China remains under heavy U.S. tariffs, some reaching 245%, though recent signs of easing were noted.
Japan’s Nikkei 225 climbed 1.8%, while the TOPIX index rose 1.5%, supported by strength in technology stocks. Taiwan’s TSMC added 0.6%, and Hon Hai Precision jumped 3.6% on positive 2025 forecasts.
Elsewhere, Australia’s ASX 200 gained 0.3%, while Singapore’s Straits Times dipped 0.2%. India’s Gift Nifty 50 futures pointed to a 0.4% rise, signaling a strong open.
Overall, the combination of easing trade tensions, dovish monetary policy, and tech optimism drove regional equities higher, with markets closely watching the tariff appeal process and AI sector momentum.
