Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Asian stocks declined broadly on Tuesday, extending sharp losses from the previous session as investors remained cautious amid rising geopolitical tensions and political uncertainty. Regional markets were unsettled by renewed demands from U.S. President Donald Trump for Greenland, combined with limited cues from Wall Street due to a U.S. market holiday. Risk appetite across Asia stayed subdued, despite some support from Chinese economic data.
Japanese equities led losses in the region, with the Nikkei 225 and TOPIX indexes each falling around 1%. The decline came even as Japanese Prime Minister Sanae Takaichi announced plans to dissolve parliament on Friday and call a snap election for early February. While the move initially raised hopes of expanded fiscal stimulus, markets quickly grew concerned about how Japan would finance higher government spending, tax cuts, and increased defense outlays. These concerns triggered a sharp selloff in Japanese government bonds, sending the 10-year yield above 4% for the first time in nearly three decades, adding pressure on equities.
Broader Asian markets also retreated as investors reacted to Trump’s remarks suggesting tariffs on European nations unless Greenland is handed over to the United States. Trump further unsettled markets by not ruling out military force, reviving fears of geopolitical escalation after a recent U.S. incursion in Venezuela. European leaders rejected the demands, with some warning of potential retaliatory measures, heightening global market anxiety.
Chinese stocks saw modest losses, with the CSI 300 and Shanghai Composite each down about 0.5%, while Hong Kong’s Hang Seng Index slipped 0.3%. Markets took limited comfort from China’s GDP data showing the economy met its 5% growth target for 2025, although fourth-quarter growth slowed. Australia’s ASX 200 fell 0.6%, dragged lower by a sharp decline in BHP shares after the miner warned of weaker iron ore prices. South Korea’s KOSPI outperformed, trading flat near record highs, while other regional benchmarks were mostly subdued.
