Wall Street Futures Rise Ahead of Trump-Xi Summit as Tech Stocks Lead Market Rally 
Australia Housing Tax Reform Sparks Debate Over Property Investor Tax Breaks 
US Stock Futures Slip as Iran Tensions and Hot Inflation Data Pressure Wall Street 
Trump Says Iran Ceasefire ‘On Life Support’ as Oil Prices Surge Above $104 
Dollar Gains as Fed Rate Hike Bets Rise Ahead of Trump-Xi Summit 
New Zealand Budget 2026 Focuses on Fiscal Discipline and Infrastructure Investment 
Rubio Discusses Iran Crisis and Strait of Hormuz Disruptions With UK and Australia 
Havana Protests Erupt as Cuba Faces Severe Blackouts and Fuel Crisis 
Dollar Surges as Inflation Data Fuels Fed Rate Hike Expectations 
Gold Prices Steady Ahead of Trump-Xi Meeting as Inflation and Oil Concerns Persist 
BOJ Rate Hike Expectations Grow as Board Member Signals Hawkish Stance 
Asian Currencies Slide as Indian Rupee Hits Record Low Amid Iran Tensions 
Trump and Xi Temple of Heaven Visit Highlights Trade and Diplomacy Goals 
Oil Prices Slip as Strait of Hormuz Disruptions and U.S. Inventory Data Keep Markets on Edge 
Asian Stocks Edge Higher as Tech Shares Rise Ahead of Trump-Xi Beijing Summit 
U.S. Urges China to Help Curb Iran’s Actions in Gulf, Rubio Says 
Asian stock markets traded mixed on Tuesday as technology shares followed overnight losses on Wall Street, while investors reacted to stronger-than-expected Japanese economic growth and ongoing geopolitical tensions in the Middle East. Market sentiment remained cautious due to inflation concerns linked to elevated oil prices and uncertainty surrounding global economic growth.
Wall Street’s Nasdaq closed lower overnight as rising crude oil prices fueled worries about inflation and the potential impact on interest rates. U.S. stock futures also moved slightly lower during Asian trading hours. Investors are now closely watching Nvidia’s upcoming quarterly earnings report, scheduled for Wednesday, which is expected to test the strength of the ongoing artificial intelligence-driven stock market rally. AI-related semiconductor stocks across Asia saw profit-taking ahead of the results.
Japan’s economy delivered stronger-than-expected growth in the first quarter of the year. Annualized GDP expanded by 2.1%, beating market expectations of 1.7%. The growth was supported by stronger private consumption and improved external demand. Capital expenditure increased 0.3% quarter-on-quarter, while the GDP price index climbed 3.4%, highlighting persistent inflation pressures in the country. Despite the upbeat data, analysts believe Japan’s economic momentum may slow in the coming quarters. Japan’s Nikkei 225 index fell 0.4%, while the broader TOPIX index gained 0.5%.
Oil prices eased slightly after U.S. President Donald Trump stated that he had paused a planned military strike on Iran, adding that there was a strong possibility of reaching a new nuclear agreement with Tehran. Brent crude retreated from highs above $110 per barrel but remained elevated amid supply concerns in the Strait of Hormuz.
Australia’s S&P/ASX 200 rose 1.1%, while Singapore’s Straits Times Index added 0.6%. Chinese markets were mostly flat, with the CSI 300 dropping 0.6% and the Shanghai Composite remaining steady. Hong Kong’s Hang Seng Index also traded sideways.
South Korea’s KOSPI index fell sharply by 3%, pressured by heavy losses in Samsung Electronics shares. Samsung stock dropped more than 5% as labor union negotiations resumed after previous talks failed. Investors remain concerned about the possibility of a strike that could disrupt semiconductor production operations.
