Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
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Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Most Asian stocks edged lower on Thursday due to growing uncertainty over U.S. trade policy and weak economic indicators, though Hong Kong and South Korea bucked the trend with tech-driven gains.
Investor sentiment remained cautious as Wall Street closed mixed after soft U.S. labor data and concerns over escalating tariffs under President Donald Trump. Trump is expected to hold a call with Chinese President Xi Jinping this week, which may revive stalled trade negotiations. Meanwhile, S&P 500 futures dipped 0.1% in Asian trading.
Japan’s Nikkei 225 fell 0.4% and the TOPIX shed 0.8%, dragged down by weaker-than-expected April wage growth, raising doubts about Japan’s consumption recovery. Australia’s ASX 200 also slipped 0.1% following disappointing April trade data, reflecting a sharp decline in commodity exports. Singapore’s Straits Times index remained flat, while India’s Gift Nifty 50 futures also signaled a muted open ahead of a possible 25 basis point rate cut by the Reserve Bank.
Hong Kong’s Hang Seng Index rose 1%, lifted by gains in major tech stocks such as Alibaba, Meituan, and BYD Electronic. SMIC jumped 2.5%, tracking overnight gains in U.S. tech as falling Treasury yields and AI optimism supported global chipmakers. Taiwan’s TSMC added 0.2%, while South Korea’s SK Hynix and Samsung surged 5.4% and 3.3%, respectively.
China’s mainland indexes lagged, with both the CSI 300 and Shanghai Composite down 0.1%. Despite a better-than-expected Caixin services PMI, weak manufacturing data limited gains. Market watchers expect more stimulus from Beijing amid the ongoing U.S.-China trade rift.
South Korea’s KOSPI led regional markets, climbing 2% to an 11-month high on post-election optimism and a strong tech sector. The recent victory of President Lee Jae-myung ended months of political uncertainty, further boosting investor confidence.
