US Comfortable With Canada Trade Standoff as Import Bans Loom 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Trump, Xi Focus on Trade and AI at White House Summit 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
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Asian stock markets traded mostly higher on Tuesday, buoyed by Wall Street’s record-breaking performance, with South Korea’s KOSPI surging 1.6% to lead regional gains. Investor sentiment was lifted by optimism around trade negotiations ahead of U.S. President Donald Trump’s July 9 tariff deadline, which could see current 10% tariffs rise further without new agreements.
Samsung Electronics (KS:005930) jumped nearly 2%, driving South Korea’s rally. The positive momentum followed the S&P 500 and Nasdaq hitting all-time closing highs on Monday, while U.S. futures edged higher during Asian trading hours.
China’s Shanghai Composite rose 0.2% and the CSI 300 index added 0.1% after Caixin Manufacturing PMI data showed an unexpected uptick in June, signaling improved trade conditions. Australia’s ASX 200 added 0.2%, and Singapore’s Straits Times Index climbed 0.8%. Indian Nifty 50 futures remained flat. Hong Kong markets were closed due to a public holiday.
Investors remained cautious as Trump’s tariff ultimatum nears. Although the U.S. finalized a trade deal with China last week and Canada withdrew its proposed digital services tax to restart talks, U.S. Treasury Secretary Scott Bessent warned of potential tariff hikes despite active negotiations, urging countries to secure deals swiftly.
Japan’s Nikkei 225 fell 1%, retreating from near a one-year high, while the TOPIX declined 0.8%. The pullback came after Trump criticized ongoing U.S.-Japan trade talks, accusing Tokyo of refusing to import American rice despite domestic shortages. Trump labeled Japan “spoiled” in a Truth Social post and hinted at upcoming tariff action, adding tension to already strained bilateral talks.
With Trump’s July 9 deadline fast approaching, markets are bracing for a flurry of last-minute trade developments that could significantly impact regional equities.
