Asian Shares Rally After Trump's Tariff Pause

RTTNews | 61日前

(RTTNews) - Asian stocks rallied the most in more than two years on Thursday as U.S. President Donald Trump paused most of his sweeping reciprocal tariffs for 90 days to allow more time for negotiations, but raised the levies on China to 125 percent, further escalating a high-stakes confrontation between the world's two largest economies.

The dollar weakened, helping metals halt the longest run of losses in 25 years. Gold rose over 1 percent to $3,120 per ounce after posting its biggest one-day gain in 18 months in the wake of abrupt shifts in U.S. tariff policy. Oil resumed losses after rebounding from a four-year low in the previous session.

Chinese stocks advanced as weak CPI and PPI data and tariff-related worries fueled expectations for more stimulus. The benchmark Shanghai Composite index climbed 1.16 percent to 3,223.64 ahead of a meeting of top leaders to discuss additional economic measures.

The onshore yuan fell to the weakest level since 2007 on increased bets for monetary easing measures by the People's Bank of China to support the economy.

Leading investment bank Goldman Sachs revised China real GDP growth forecasts for 2025 and 2026 downward to 4.0 percent and 3.5 percent, saying the easing measures that China may resort to are unlikely to fully offset the hit due to tariffs.

Hong Kong's Hang Seng index jumped 2.06 percent to 20,681.78 as investors pinned their hopes on talks between the world's two largest economies and policy support from state firms.

Japanese markets led regional gains as chip-related stocks surged. Advantest surged 13.7 percent and Tokyo Electron rallied 12.9 percent.

The Nikkei average soared 9.13 percent to 34,609 in its biggest daily gain since August 6. The broader Topix index settled 8.09 percent higher at 2,539.40.

Seoul stocks joined a globally rally on the U.S. tariff reprieve. The Kospi average soared 6.60 percent to 2,445.06 after hitting a 17-month low the previous day.

Market bellwether Samsung Electronics rose 6.42 percent, while its chipmaking rival SK Hynix and leading battery maker LG Energy Solution both jumped over 11 percent.

Australian markets posted their biggest daily gain in five years, with buying seen across the board. The benchmark S&P/ASX 200 climbed 4.54 percent to 7,709.60 while the broader All Ordinaries index closed 4.66 percent higher at 7,913.90.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index rose 3.34 percent to 12,201.43.

U.S. stocks soared to one of their best days in history on Wednesday following the tariff pause announcement.

The tech-heavy Nasdaq Composite jumped 12.2 percent, the S&P 500 spiked 9.5 percent and the Dow surged 7.9 percent.

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | 13分前

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | 19分前

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | 1時0分前

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | 2時25分前

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | 2時41分前

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | 3時48分前

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | 4時24分前

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

RTTNews | 7時18分前

EURUSD	1.14221	GBPUSD	1.34988	AUDUSD	0.65198
USDJPY	144.886	USDCAD	1.36773	USDCHF	0.82279

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Asian Shares Rally After Trump's Tariff Pause