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IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
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.
