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Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Australia’s S&P/ASX 200 index is on the brink of correction territory, tumbling 9.8% from its all-time high on February 14, driven by escalating trade tensions following U.S. President Donald Trump’s new tariffs.
As of 03:20 GMT, the benchmark index dipped 0.2% to 7,772.5 points, extending its downward trend. On Wednesday, it briefly entered correction territory, plunging 1.6% to its lowest level since September 2024 before rebounding slightly. March losses have now hit nearly 5%, following a 4.2% drop in February, marking four consecutive weeks of declines.
The downturn follows Trump’s decision to impose 25% tariffs on steel and aluminum imports, effective Wednesday. Australia, which had hoped for an exemption, was left disappointed. Prime Minister Anthony Albanese condemned the move as "entirely unjustified" and a blow to the long-standing alliance between the two nations.
The tariffs are stoking fears of rising costs for Australian exporters and broader economic disruptions. Investors are increasingly wary, with market sentiment deteriorating amid global trade uncertainties.
With mounting losses and no immediate relief in sight, all eyes remain on how policymakers and market forces will navigate this escalating economic challenge.
