logo
Emerging Stocks Gain on Global Optimism as Korea Leads Rally

Emerging Stocks Gain on Global Optimism as Korea Leads Rally

Bloomberg04-06-2025

Emerging-market stocks gained for a second straight session, buoyed by strong US labor data that lifted global equities to a record high.
The MSCI Emerging Markets Index climbed as much as 1.2%, led by a surge in Asian tech stocks. The Korean won outperformed peers while the country's equity market entered bull territory — adding further momentum to the broader emerging-market rally. An index for EM currencies inched higher, as the dollar slipped.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump Has No China Trade Strategy
Trump Has No China Trade Strategy

Wall Street Journal

time38 minutes ago

  • Wall Street Journal

Trump Has No China Trade Strategy

President Trump on Wednesday hailed the result of the latest trade talks with China as a great victory, but the best we can say is that it's a truce that tilts in China's direction. Details are few, but the countries appear to be resetting their trade relationship to where it was a few months ago before a tit-for-tat escalation. Mr. Trump had agreed to reduce tariffs on China to 30% (55% including those he imposed during his first term) from 145% while China dropped its tariffs on U.S. goods to 10% from 125%.

Trump's Big Opportunity in Japan
Trump's Big Opportunity in Japan

Wall Street Journal

timean hour ago

  • Wall Street Journal

Trump's Big Opportunity in Japan

On the first international trip of his second term, President Trump visited the Middle East and went big, sparking trillions in new artificial-intelligence-centered investments. The result was a win for the administration and a shift away from the narrative that tariffs have upset allies and roiled markets. Now the president has an opportunity to go even bigger, this time with Japan. Japan undergirds U.S. power in the Pacific. It has one of the world's largest economies—$4 trillion a year in output, some 27% of which is manufacturing. It spends $70 billion on defense, a figure that has nearly doubled since 2022 as Tokyo grapples with Beijing's growing capabilities and ambitions. Japanese companies lead the world in critical industries from robotics to material sciences and semiconductor equipment. And Japan hosts more U.S. servicemembers than any other nation. America, in turn, hosts a Japanese national treasure—Dodgers slugger and three-time MVP Shohei Ohtani. The partnership is thriving. Take it from Japanese Prime Minister Shigeru Ishiba: 'The Japan-U.S. alliance is the cornerstone of Japan's diplomacy and security.' When visiting Iwo Jima in March, Defense Secretary Pete Hegseth agreed: 'Our alliance has been, and remains the cornerstone of freedom, prosperity, security and peace in the Indo-Pacific.' The alliance, moreover, has robust popular support: a 2024 poll found that 83% of Americans view Japan favorably. During Mr. Trump's first 100 days, the administration upgraded the status of U.S. forces in Japan, approved equipment sales for a Japanese hypersonic-missile program and explored joint production of dual-use ships. The president suggested collaboration on the Golden Dome missile defense system.

Toyota Motor AGM Expected to Be Dominated by Group Buyout Talk
Toyota Motor AGM Expected to Be Dominated by Group Buyout Talk

Bloomberg

timean hour ago

  • Bloomberg

Toyota Motor AGM Expected to Be Dominated by Group Buyout Talk

There isn't much doubt Toyota Motor Corp. Chairman Akio Toyoda will keep his seat on the board at the automaker's annual meeting, but signs of any rebound in shareholder support could be overshadowed by concern over his role in a contentious takeover of a group company. Although major proxy advisers have backed his reelection — reversing their stance after voting against him in 2024 — investors will get a chance later Thursday to air their grievances when Toyoda faces them publicly for the first time since the Toyota group launched a ¥4.7 trillion ($32.4 billion) bid to privatize Toyota Industries Corp.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store