Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
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 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
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 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Crude oil prices slipped in early Asian trading Tuesday, pressured by weaker demand expectations amid escalating trade tensions between the United States and China—the world's largest oil consumers. Brent crude futures dropped 25 cents, or 0.4%, to $65.61 per barrel by 0024 GMT, while U.S. West Texas Intermediate (WTI) futures fell 18 cents, or 0.3%, to $61.87. Both benchmarks had already declined more than $1 on Monday.
The ongoing U.S.-China trade war, fueled by President Donald Trump's tariffs on all U.S. imports and retaliatory measures from China, has heightened fears of a global economic slowdown. A majority of economists surveyed by Reuters predict a recession could hit later this year, putting additional downward pressure on oil demand forecasts.
Reflecting these concerns, Barclays cut its 2025 Brent crude price forecast by $4 to $70 per barrel, citing rising trade risks and an expected oil supply surplus of 1 million barrels per day driven by changes in OPEC+ production strategies. Several OPEC+ members are reportedly considering increasing output again in June, potentially exacerbating the supply glut.
Oil market expert Philip Verleger warned that prices could see a sharp decline if exporting countries accelerate production hikes. Meanwhile, U.S. crude stockpiles are projected to have risen by 500,000 barrels for the week ending April 15, according to a preliminary Reuters survey. The American Petroleum Institute (API) will release its inventory data Tuesday, followed by official figures from the Energy Information Administration (EIA) on Wednesday.
