Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
While the rollback of the super-rich tax on foreign portfolio investors (FPIs) will finally revive equity inflows, the Reserve Bank of India’s (RBI) INR 1.76 trillion transfer to the government are expected to prompt foreign investors to pour more funds into the Indian bond markets for higher returns, according to the latest research report from Scotiabank.
The central bank on Thursday released its annual report, saying reviving consumption demand and private investment has assumed the top priority in the current fiscal year. India’s finance minister Nirmala Sitharaman told reporters in Guwahati on Thursday that the government could soon announce more measures to boost the economy, topping up the mega package unveiled last Friday.
In addition, conciliatory statements from China’s commerce ministry could boost EM Asian currencies including the INR to some extent, at least temporarily. Both the yuan and the rupee would rally amid risk-on sentiment should the US and China agree to hold the 13th round of trade talks in September, given the recently increasing correlation between them.
China’s commerce ministry spokesman Gao Feng told reporters at a weekly briefing on Thursday afternoon that the nation hopes the US can cancel the planned additional tariffs to avoid an escalation in the trade war. His remarks may suggest China will refrain from retaliating against the latest US tariff threat.
