U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
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 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
U.S. stock index futures declined Monday evening following a sharp selloff on Wall Street, driven by renewed concerns over trade tariffs introduced by President Donald Trump. Despite an extension of the tariff deadline to August 1, markets were rattled as Trump unveiled new levies targeting key trade partners.
S&P 500 Futures slipped 0.2% to 6,265.25, Nasdaq 100 Futures edged down 0.1% to 22,860.50, and Dow Jones Futures dropped 0.2% to 44,571.0 by 19:16 ET. The losses reflect rising investor caution amid uncertainty about the economic fallout from the tariffs.
Trump issued tariff letters imposing a 25% duty on imports from South Korea, Japan, Malaysia, and Kazakhstan. Tariffs also included 30% on South Africa, 32% on Indonesia, 35% on Bangladesh, and 36% on Thailand. Analysts and the Federal Reserve warned that such tariffs could stoke inflation, adding pressure on American importers and potentially weighing on consumer prices.
The White House signaled openness to further trade negotiations. Treasury Secretary Scott Bessent noted more trade deals may be announced soon. However, with more tariff letters expected this week, investor sentiment remained shaky.
On Wall Street, all major indexes declined. The S&P 500 fell 0.8% to 6,229.98, the Nasdaq Composite slid 0.9% to 20,412.52, and the Dow Jones dropped 0.9% to 44,406.36. Tesla stock plunged 6.8%, losing $60 billion in market cap after CEO Elon Musk launched a political party—raising concerns over leadership focus. The stock regained 0.6% in after-hours trading.
Investors now await Wednesday’s release of the Federal Reserve’s June meeting minutes for further clues on interest rate policy amid inflation risks tied to Trump’s trade agenda.
