Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
U.S. stock index futures rose sharply Monday evening following a volatile trading session driven by tariff rumors and policy uncertainty. As of 20:02 ET (00:02 GMT), S&P 500 Futures climbed 1.1% to 5,151.50, Nasdaq 100 Futures gained 1.2% to 17,763.0, and Dow Jones Futures advanced 1.3% to 38,650.0.
Markets saw wild swings during regular hours as unconfirmed reports suggested President Donald Trump might consider a 90-day tariff pause for all countries except China. This triggered a temporary rally, reversing early losses. However, the White House swiftly denied the rumor, sending markets back down. Later, Trump threatened an additional 50% tariff on Chinese goods if Beijing fails to withdraw its new 34% tariffs on U.S. products by April 8, 2025, deepening investor concerns.
By the close, the Dow dropped 349 points or 0.9%, the S&P 500 dipped 0.2%, while the Nasdaq edged up 0.1%. Despite overall market pressure, tech stocks rebounded, with Nvidia (NASDAQ:NVDA) jumping 3.5% and Broadcom (NASDAQ:AVGO) rising 5.4%. Amazon (NASDAQ:AMZN) and Meta (NASDAQ:META) also recovered, though Apple (NASDAQ:AAPL) fell 3.7% and Tesla (NASDAQ:TSLA) slid 2.6%.
President Trump reiterated his stance on reciprocal tariffs, downplaying the idea of a policy pause. However, Treasury Secretary Scott Bessent signaled potential openness to global negotiations, as 50 countries reportedly reached out to the U.S. for talks, according to Reuters.
Investor attention remains focused on trade developments and the possibility of tariff relief. Market volatility is likely to persist amid ongoing geopolitical tensions and policy shifts.
