Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Asian stocks declined Thursday as concerns over high U.S. interest rates and fresh trade tariffs dampened investor sentiment. Hong Kong’s Hang Seng led the losses, falling 2.2%, as enthusiasm for AI stocks waned.
Wall Street provided a mixed lead, with the S&P 500 hitting a record high but showing limited gains due to weaker risk appetite. U.S. stock futures slipped after President Donald Trump announced plans to impose 25% tariffs on automobiles, pharmaceuticals, and semiconductors within a month, along with new duties on lumber.
Trade-sensitive markets reacted sharply. Japan’s Nikkei 225 dropped 1.7%, while the TOPIX lost 1.5%. Major automakers Toyota and Honda both fell over 2% as concerns grew over their reliance on U.S. sales. South Korea’s KOSPI declined 0.6%, and Singapore’s Straits Times Index edged down 0.1%. Australia’s ASX 200 slid 1.3%, hit by both tariff concerns and stronger-than-expected job data, which reinforced expectations of a hawkish Reserve Bank of Australia.
Hong Kong’s tech sector took a hit, with Baidu dropping over 2% after weak earnings, dragging Alibaba down 2.5%. While optimism over AI had driven Chinese tech stocks higher in recent weeks, market momentum faded.
Mainland Chinese markets also weakened, but losses were limited amid expectations of further stimulus from Beijing. The People’s Bank of China kept its loan prime rate at record lows. The Shanghai Shenzhen CSI 300 fell 0.4%, and the Shanghai Composite lost 0.2%.
Despite the market downturn, hopes for a potential U.S.-China trade deal provided some support. However, Trump’s earlier 10% tariffs on Chinese goods in February remain a headwind for the region’s economic outlook.
