Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Asian stocks opened the week with mixed performance, as U.S. President Donald Trump’s new 25% tariffs on steel and aluminum imports pressured markets. Concerns over escalating trade tensions weighed on investor sentiment, with China set to impose retaliatory tariffs on U.S. goods.
South Korea’s KOSPI slipped 0.1%, with steelmakers hit hard—POSCO Holdings (NYSE:PKX) fell nearly 2%, and Hyundai Steel (KS:004020) dropped 2.5%. Japan’s Nikkei 225 edged 0.2% lower, while TOPIX declined 0.3%, with Nippon Steel (TYO:5401) down 1.5%. Australia’s S&P/ASX 200 dipped 0.4%, led by a nearly 1% drop in the mining sector. Indonesia’s Jakarta Composite plunged 2%, while India’s Nifty 50 started 0.4% lower.
Despite trade war tensions, China’s AI stocks extended their gains, driving optimism. Hong Kong’s Hang Seng Index surged 1.5%, fueled by tech leaders—Baidu (NASDAQ:BIDU) climbed 3.5%, Alibaba (NYSE:BABA) jumped over 4%, and Xiaomi (HK:1810) rose 1.5% after a record-high close. China’s Shanghai Composite advanced 0.4%, while the CSI 300 was flat.
Investors also analyzed China’s latest inflation data, which showed moderate CPI growth but persistent PPI declines, signaling weak consumer spending and industrial activity. This raised expectations for further economic stimulus, with potential interest rate cuts or infrastructure investments on the horizon.
Meanwhile, U.S. stock index futures traded higher in Asian hours, offering some relief amid global market uncertainty.
