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South Korea Trade Data Due On Tuesday
(RTTNews) - South Korea will on Tuesday see June results for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In May, imports were down 11.7 percent on year and exports fell n annual 6.0 percent for a trade surplus of $1.13 billion.
Japan will see June results for its tertiary industry index, with forecasts suggesting an increase of 0.4 percent on month - slowing from 1.2 percent in the previous month.
Hong Kong will provide June numbers for unemployment; the jobless rate is expected to creep up to 3.1 percent from 3.0 percent in May.
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Asian Shares Mostly Lower As Trump Ups Tariff Ante
Asian shares ended mostly lower in cautious trade on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20 percent on most trading partners that haven't got letters yet.
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29 minutes ago
Yen Retreats Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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57 minutes ago
Canadian Dollar Slides As Trump Announces 35% Tariffs On Canadian Imports
The Canadian dollar weakened against other major currencies in the Asian session on Friday, as Trump proposed 35 percent tariff on Canadian goods and warned that any fiscal retort from the country will be tacked onto the 35 percent set to take effect Aug. 1.
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1h 11min ago
Canadian Dollar Slides Against Majors
The Canadian dollar weakened against other major currencies in the Asian session on Friday.
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1h 23min ago
Antipodean Currencies Rise Amid Risk-on Mood
The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Friday amid increased risk-on mood by the investors, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after U.S. President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
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1h 35min ago
NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against most major currencies in the Asian session on Friday.
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2h 16min ago
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
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2h 20min ago
European Shares Seen Lower Amid Trump Tariff Jitters
European stocks are seen opening broadly lower on Friday as U.S. President Donald Trump amped up trade threats, fueling uncertainties around the inflation and growth outlook.
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3h 28min ago
