US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
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 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
Asian markets saw mixed movement on Thursday as investor sentiment was rattled by renewed trade tensions and escalating geopolitical risks. U.S. President Donald Trump announced plans to impose new trade tariffs on major economies within weeks, signaling a tough negotiation stance. While Trump hinted at a completed U.S.-China trade deal, lack of concrete details and ongoing tariffs dampened investor optimism.
Markets also tracked weakness from Wall Street, as reports of U.S. personnel evacuations from Iraq and failed nuclear talks with Iran spurred concerns. Israel’s potential military response to Iran further weighed on risk appetite. Rising oil prices added to the cautious tone, though commodity-linked indexes gained modestly.
In Asia, S&P 500 futures dropped 0.4% during regional hours. China’s Shanghai Composite and CSI 300 edged lower, while Hong Kong’s Hang Seng fell 0.5%. Despite initial gains earlier in the week on news of a U.S.-China trade framework, Chinese equities faced pressure due to vague deal terms and continued tariffs. EV giants BYD and NIO both dropped over 2% amid local headwinds.
Japan’s Nikkei 225 slipped 0.8%, with the yen’s strength and tech losses dragging the index. Australia’s ASX 200 bucked the trend, rising 0.2% on gains in energy and gold stocks, supported by expectations of rate cuts. South Korea’s KOSPI gained 0.5% to a 3.5-year high, boosted by political stability and a bullish earnings outlook.
Singapore’s Straits Times index rose 0.3%, while India’s Nifty 50 futures edged up 0.2% following reports that Reliance Industries is in talks to invest in OpenAI. Overall, uncertainty over global trade policies and Middle East tensions kept investors cautious across Asian markets.
