Asian shares rise, buoyed by expectation of more trade pacts after US-Japan tariff deal
Japan's Nikkei 225 surged nearly 2% to 41,983.50. The Shanghai Composite Index added 0.4% to 3,595.58 while Hong Kong's Hang Seng index rose 0.4% to 25,631,08.
South Korea's Kospi climbed 0.9% to 3,211.21 after central bank data showed Thursday that the country's second quarter GDP rose 0.6%, above expectations thanks to robust private consumption and exports.
India's BSE Sensex edged 0.7% higher to 82,726.64 and Australia's S&P ASX 200 slid 0.1% to 8,729.20.
'Asian equities caught another updraft, rising for a sixth straight session, as whispers of broader trade accords scattered across the tape like migrating birds sensing the storm has passed,' Stephen Innes of SPI Asset Management wrote in a commentary.
'With the ink barely dry on the U.S.-Japan tariff truce — inked at a palatable 15% — traders are already scanning the horizon for the next deal to surface. Europe? Maybe. India? China? Everyone? Perhaps. But the mood is pure Electric Avenue,' he added.
On Wednesday, U.S. stocks set more records following a trade deal between the world's No. 1 and No. 4 economies, one that would lower proposed tariffs on Japanese imports coming to the United States.
The S&P 500 added 0.8% to its all-time high. The Dow Jones Industrial Average rallied 507 points, or 1.1%, and the Nasdaq composite climbed 0.6% to hit its own record.
Stocks jumped even more in Tokyo on Wednesday, where the Nikkei 225 rallied 3.5% after President Donald Trump announced a trade framework that would place a 15% tax on imports coming from Japan. That's lower than the 25% rate that Trump had earlier said would kick in on Aug. 1.
Trump has proposed stiff taxes on imports from around the world, which carry the double-edged risk of driving up inflation for U.S. households while slowing the economy. But many of Trump's tariffs are currently on pause, giving time to reach deals with other countries that could lower the tax rates. Trump also announced a trade agreement with the Philippines on Tuesday.
So far, the U.S. economy has seemed to hold up OK despite the pressures on it. And tariffs already in place may be having less of an effect than expected, at least when it comes to the prices that U.S. households are paying at the moment.
In other dealings on Thursday, U.S. benchmark crude oil added 22 cents to $65.47 per barrel. Brent crude, the international standard, rose 21 cents to $68.72 per barrel.
The U.S. dollar fell to 146.03 against the Japanese yen from 146.51. The euro rose to $1.1781 from $1.1777.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
44 minutes ago
- Business Upturn
ATEC Partners with FPT for First Global Collaboration, Driving Innovation in Japan's Automotive Industry
Business Wire India Global IT services and technology company FPT and ATEC, a Japanese automotive software development firm with over 36 years of expertise, have signed a Memorandum of Understanding to establish a strategic partnership aimed at accelerating innovation in the automotive sector and advancing safer, smarter, and more connected mobility. Through this collaboration, FPT and ATEC will co-develop next-generation automotive software solutions and contribute to the sustainable growth of Japan's automotive technology ecosystem. This press release features multimedia. View the full release here: Toru Tachibana, Executive Vice President, ATEC (L) and Do Van Khac, FPT Software SEVP and FPT Japan CEO, FPT Corporation (R) The collaboration aims to address critical industry challenges, including the rising demand for software development and the shortage of senior-level talent in embedded systems and the automotive sector. By combining both sides' technology capabilities, development frameworks, and skilled workforce, FPT and ATEC are positioned to deliver comprehensive, high-quality solutions to the market, with a particular focus on expanding AUTOSAR and Software-Defined Vehicle services for leading Japanese automotive manufacturers. As part of the partnership, FPT and ATEC will launch a new Offshore Development Center in Ho Chi Minh City, with a plan for further expansion in the future. This marks ATEC's first international collaboration, driven by the need to address growing resource shortages and scale its development capacity. The partnership also offers FPT valuable access to ATEC's customer ecosystem, reinforcing its presence and competitiveness in Japan's dynamic automotive industry. 'Automotive stands as a critical industry in Japan, with increasing AI-driven automotive systems. By combining FPT's global expertise in automotive technology and our AI-enabled solutions with ATEC's deep domain knowledge, we are confident that this partnership can open up exciting opportunities for both sides in Japan's dynamic automotive sector,' said Do Van Khac, FPT Software SEVP and FPT Japan CEO, FPT Corporation. With more than two decades of experience in the automotive industry, FPT has established itself as a trusted technology partner to global OEMs and Tier-1 suppliers. In 2023, the company launched a dedicated automotive subsidiary to address the growing global demand for software-defined vehicles. FPT's strong presence in Japan is expected to significantly contribute to the success of this collaboration. As one of the largest foreign-invested technology enterprises in the country, FPT has over 4,500 employees across 17 offices and innovation hubs in Japan, supported by a network of 15,000 offshore professionals serving 450 clients worldwide. In 2024, FPT achieved over USD 500 million in revenue from the Japanese market. Building on this momentum, the company aims to reach USD 1 billion in revenue and rank among Japan's Top 15 IT services providers by 2027. About ATEC ATEC is an engineering company established in 1988 with the vision of creating a company for engineers, boasting advanced expertise in the fields of software, electronics/electrical, and mechanical design and development. In the automotive industry, ATEC has contributed to the development of advanced technologies for numerous automakers and suppliers. In the field of in-vehicle software development, ATEC has been certified as an 'Engineering Partner' by Vector Informatik (Germany), and provides high-quality services tailored to diverse customer needs, such as configuration of AUTOSAR-compliant basic software, software component design, AUTOSAR adaptation of existing code, and implementation consulting. About FPT FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam and operates in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. Committed to elevating Vietnam's position on the global tech map and delivering world-class AI-enabled solutions for global enterprises, the Corporation focuses on three critical transformations: Digital Transformation, Intelligence Transformation, and Green Transformation. In 2024, FPT reported a total revenue of USD 2.47 billion and a workforce of over 54,000 employees across its core businesses. For more information about FPT's global IT services, please visit View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
an hour ago
- Yahoo
Asia shares ease, euro flatlines as tariff costs counted
By Wayne Cole SYDNEY (Reuters) -Asia shares slipped on Tuesday while the euro nursed its losses as investors pondered the downside of the U.S.-EU trade deal and the reality that punishing tariffs were here to stay, with unwelcome implications for growth and inflation. The initial relief over Europe's 15% levy quickly soured when set against the 1% to 2% that stood before President Donald Trump took office. Leaders in France and Germany lamented the outcome as a drag on growth, pulling down stocks and bond yields across the continent while slugging the single currency. Trump also flagged a "world tariff" rate of 15% to 20% on all trading partners that were not negotiating a deal, among the highest rates since the Great Depression of the 1930s. "While the worst case scenario was averted, the implied EU tariff increase from 1% in January is a significant tax increase on EU exports," wrote economists from JPMorgan in a note. "This is a very big shock that unwinds a century of U.S. leadership in global free trade," they warned. "While we no longer see a U.S. recession as our baseline from this shock, the risk is still elevated at 40%." A further risk to world growth came from a sudden spike in oil prices after Trump threatened a new deadline of 10 or 12 days for Russia to make progress toward ending the war in Ukraine or face tougher sanctions on oil exports. [O/R] The air of caution saw MSCI's broadest index of Asia-Pacific shares outside Japan slip 0.8%. Japan's Nikkei lost 0.9%, while Chinese blue chips were flat. European shares steadied after Monday's sell-off. EUROSTOXX 50 futures, FTSE futures and DAX futures all edged up around 0.2%. The euro was flat at $1.1587, after falling 1.3% overnight in the largest drop since mid-May. It now has chart support at $1.1556. The dollar index was up at 98.675, after the rush out of short dollar positions lifted it 1% overnight, while it eased a one-week high on the yen to stand at 148.27. Wall Street held firm on hopes for upbeat results from mega caps this week that include Apple, Meta Platforms, Microsoft and Amazon. [.N] S&P 500 futures nudged up 0.1%, while Nasdaq futures added 0.2%. Yields on 10-year Treasuries held at 4.408% having crept higher on Monday as markets braced for another steady decision on interest rates from the Federal Reserve. Futures imply a 97% chance the Fed will keep rates at 4.25%-4.5% at its meeting on Wednesday and reiterate concerns that tariffs will push inflation higher in the short term. Analysts also assume one, or maybe two, Fed officials will dissent in favour of a cut and supporting wagers for a move in September. The odds could change depending on a slew of U.S. data this week including gross domestic product for the second quarter where growth is seen rebounding to an annualised 2.4%, after a 0.5% contraction in the first quarter. Figures on job openings are due later on Tuesday that will help refine forecasts for the crucial payrolls report on Friday. Canada's central bank also meets on Wednesday and again is widely expected to hold rates at 2.75% as it waits to see how trade talks with the U.S. wash out. In commodity markets, prices for copper and iron ore were under pressure while gold idled at $3,315 an ounce. [GOL/] Brent was off a fraction at $69.90 a barrel, having climbed 2.3% on Monday, while U.S. crude held at $66.60.
Time Business News
an hour ago
- Time Business News
Unlock Success with Salesforce AP-209 Exam The Ultimate Guide
For professionals wishing to verify their proficiency with Salesforce courses and certifications, obtaining the Salesforce AP-209 Certification is revolutionary. This qualification provides doors to profitable job prospects in addition to increasing your credibility. But passing the test necessitates extensive study, which is where Salesforce AP-209 Exam Dumps are useful. You can expedite your study process by using the appropriate resources, such as the AP-209 Questions Answers Practice Test, AP-209 PDF, and AP-209 Testing Engine. We'll go over the finest study techniques, resources, and advice in this guide to help you ace the test on your first try. The purpose of the Salesforce AP-209 Certification Exam is to assess your proficiency with Salesforce courses and certifications. Configuration, implementation, and best practices are among the crucial subjects it addresses. Your ability to manage real-world situations effectively will be demonstrated if you pass this test. Reliable resources such as AP-209 Exam Questions & Answers, AP-209 braindumps, and study guides are essential for success. These resources offer an organized method of instruction that guarantees you will quickly understand important ideas. Using Salesforce AP-209 Dumps is among the best strategies to get ready. You can become more acquainted with the format of the test by using these dumps, which include actual exam questions and answers. They also point up important places that require your attention. Additionally, AP-209 PDF + Testing Engine provides an engaging educational experience. The testing engine replicates the real exam atmosphere, and the PDF offers offline access. This combination increases confidence and improves retention. Not every study resource is made equal. AP-209 study guides that are updated often should be given priority while choosing resources. To guarantee accuracy, look for sites like that supply verified AP-209 Questions and Answers. Salesforce AP-209 Courses and Certificates Exam Questions Answers PDF is an excellent alternative that offers a thorough rundown of exam subjects. Using this in conjunction with AP-209 practice tests can help you grasp the material. Start by completing a Salesforce AP-209 Courses and Certificates Practice Questions and Answers test to increase your study effectiveness. This will assist you in determining your advantages and disadvantages. Put extra effort into the areas where you find it difficult to do better overall. You may also monitor your progress by using the Courses and Certificates AP-209 sample exam questions. Frequent practice improves accuracy and speed, two skills that are essential for passing exams. When getting ready for the AP-209 Certification Exam, practice exams are essential. They replicate the actual test, giving you a firsthand look at time limits and question complexity. Through repetition, the AP-209 practice questions and answers also strengthen learning. Additionally, AP-209 practice tests lessen test-day anxiety. Your level of confidence throughout the actual test will increase with your familiarity with the format. A handy tool for learning while on the go is the AP-209 PDF. You can review important ideas at any time, whether you're taking a break or commuting. The AP-209 Testing Engine provides a simulated exam atmosphere for a more engaging experience. A comprehensive study strategy is ensured by combining these resources with Salesforce AP-209 Courses and Certificates PDF Questions. This approach speeds up problem-solving and increases retention. Many candidates make the grave error of relying only on memorization. Instead, use the AP-209 pdf questions and explanations to concentrate on thoroughly grasping ideas. Ignoring time management is another mistake; to enhance pacing, practice in timed settings. Steer clear of out-of-date AP-209 study materials and braindumps. Make sure your study resources are current with the most recent exam syllabus at all times. Go over all of the AP-209 exam preparation materials in detail before the test day. To make sure you're prepared, take several AP-209 practice tests. Throughout the test, maintain your composure, thoroughly study the questions, and use your time effectively. Finally, have faith in your readiness. Passing the test is possible with the correct materials, such as Salesforce AP-209 Dumps, and persistent work. Yes, if sourced from reputable providers like they offer real exam-like questions for effective preparation. Salesforce updates its exams periodically, so always use the latest AP-209 study guides and dumps. While AP-209 PDF is helpful, combining it with AP-209 Testing Engine yields better results. The exact number varies, but practice with AP-209 Exam Questions & Answers to get a feel for the format. Some platforms offer free samples, but for full-length tests, consider trusted sources like TIME BUSINESS NEWS
