Gold and Asian Stocks Rebound as Market Volatility Eases and Global Sentiment Improves 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Asian stock markets traded mostly lower on Friday, pressured by renewed trade tensions after U.S. President Donald Trump announced plans to impose sweeping tariffs. Trump said Washington will start sending letters to major economies, setting new flat tariff rates between 20% and 30%, bypassing traditional trade negotiations. The first batch of letters will reportedly go out to 10 countries today.
This move marks a sharp return to protectionist trade policies, sparking fears of retaliation and disruptions to global supply chains—particularly affecting export-reliant economies across Asia. So far, the U.S. has only secured trade agreements with the UK, Vietnam, and a partial framework with China, falling short of Trump’s earlier goal of 90 deals in 90 days.
Market sentiment was already cautious after a stronger-than-expected U.S. jobs report on Thursday. The data lifted Wall Street in a shortened holiday session but also reduced expectations for a near-term Federal Reserve rate cut. The “higher-for-longer” interest rate outlook added to risk aversion in Asia.
South Korea’s KOSPI index fell 1.6%, while Hong Kong’s Hang Seng dropped 1.2%, with chipmakers and auto stocks among the worst performers. Japan’s Nikkei 225 remained flat, and the broader TOPIX slipped 0.2%. China’s Shanghai Composite and CSI 300 each rose 0.2% amid cautious optimism. Australia’s ASX 200 added 0.2%, while Singapore’s Straits Times Index declined 0.3%. India’s Nifty 50 futures edged down 0.2%.
U.S. stock futures dipped slightly during Asian hours, with U.S. markets closed for the Independence Day holiday. Investors are now watching closely for global responses to Trump’s tariff rollout, which could trigger broader economic fallout across key Asian markets.
