Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
U.S. stocks closed sharply lower Friday after a disappointing July jobs report fueled recession fears and renewed volatility in tech shares led by Amazon. The Dow Jones Industrial Average dropped 542 points (1.7%), the S&P 500 fell 1.7%, and the Nasdaq Composite slid 2.2%.
The Labor Department reported just 73,000 new jobs in July, far below the expected 106,000. June’s data was also revised sharply lower, with total job revisions cutting 258,000 positions. The unemployment rate ticked up to 4.2%. Economists warned that manufacturing weakness and downward revisions paint a more fragile picture of the labor market than previously thought.
Following the report, President Donald Trump ordered the firing of Labor Statistics Commissioner Erika McEntarfer, accusing her of manipulating job data. Treasury yields plunged as traders increased bets on Federal Reserve rate cuts. Fed Governor Adriana Kugler’s resignation added to speculation about a potential policy shift ahead of the September meeting.
Market sentiment worsened after Trump signed an executive order raising tariffs — up to 50% on some countries — starting Aug. 7. Canada faces a 35% levy on certain goods, while Brazil will be hit with the highest duties.
Amazon shares tumbled after issuing weak income guidance despite AWS revenue rising 17.5% to $30.9 billion. Apple reversed gains despite beating expectations on iPhone and services sales, while Coinbase fell on weaker trading profits. Reddit shares surged on strong advertising forecasts, and energy giants Exxon and Chevron declined despite higher production.
Investors now await upcoming inflation data to gauge the Fed’s next move as markets remain under pressure from slowing growth and escalating trade tensions.
