Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
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 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
Canada’s main stock index rebounded sharply Wednesday after U.S. President Donald Trump’s unexpected tariff rollback eased fears of a global trade war. The Toronto Stock Exchange’s S&P/TSX Composite Index surged 1,220 points, or 5.4%, recovering from four straight days of losses. The S&P/TSX 60 Index also climbed 69 points, or 5.1%.
Earlier in the day, over 180 countries were hit with steep reciprocal tariffs, including 46% on Vietnam, 24% on Japan, and 32% on Taiwan. However, Trump later reduced tariffs to 10% for most countries for 90 days, offering a window for trade negotiations. China, facing higher tensions, saw its tariff rate rise from 104% to 125% after it imposed new duties on U.S. goods.
Wall Street also rallied. The Dow Jones soared 2,962.9 points (7.9%)—its first time crossing 3,000 points in a single day. The S&P 500 jumped 474 points (9.5%), its best performance since 2008, while the NASDAQ surged 1,857 points (12.2%), marking its second-largest gain on record. This rebound followed a sharp four-day decline where the Dow lost over 4,500 points, and the Nasdaq dropped more than 13%.
Oil prices, which had fallen to four-year lows amid escalating trade tensions, reversed course. Brent crude rose 2.9% to $65.72, and WTI climbed 0.5% to $63.04. Despite this rebound, oil remains down nearly 20% since April 2.
Gold, typically a safe haven, edged lower as investors shifted back to equities. Spot gold dipped 0.2% to $3,078.32 an ounce, while futures fell 0.3% to $3,092.12.
The easing of tariff pressures sparked investor optimism and restored confidence across global markets.
