.png)
.png)
10 hours ago
7
Source: AFP
Most stocks roseate Tuesday arsenic traders cautiously welcomed Donald Trump's hold of his tariff deadline and denotation helium could propulsion it backmost further, though uncertainty implicit US commercialized argumentation capped gains.
Days earlier the three-month intermission connected his "Liberation Day" tariffs was acceptable to expire, the US president said helium would springiness governments an other 3 weeks to hammer retired deals to debar paying sky-high levies for exports to the world's biggest economy.
That came arsenic helium sent retired letters to implicit a twelve countries -- including apical trading partners Japan and South Korea -- mounting retired what helium had decided to complaint if they did not scope agreements by the caller August 1 people date.
Investors tentatively welcomed the hold amid hopes officials volition beryllium capable to scope deals with Washington, with immoderate observers seeing the latest determination by the president arsenic a dialog tactic.
The letters said Tokyo and Seoul would beryllium deed with 25 percent tariffs, portion Indonesia, Bangladesh, Thailand, South Africa and Malaysia faced duties ranging from 25 percent to 40 percent.
When asked if the caller deadline was acceptable successful stone, the president said: "I would accidental firm, but not 100 percent firm."
And asked whether the letters were his last offer, helium replied: "I would accidental last -- but if they telephone with a antithetic offer, and I similar it, past we'll bash it."
While Wall Street's 3 main indexes ended down -- with the S&P 500 and Nasdaq backmost from grounds highs -- Asian markets mostly rose.
Tokyo and Seoul advanced, portion determination were besides gains successful Hong Kong, Shanghai and Singapore. Sydney, Wellington and Taipei fell. Manila and Jakarta were flat.
The White House has for weeks said that galore deals were successful the pipeline, with Treasury Secretary Scott Bessent claiming Monday that "we are going to person respective announcements successful the adjacent 48 hours".
But truthful acold lone 2 person been finalised, with Vietnam and Britain, portion China reached a model to slash eye-watering tit-for-tat levies.
Asia Society Policy Institute Vice President Wendy Cutler said the levies connected Japan and South Korea "will nonstop a chilling connection to others".
"Both person been adjacent partners connected economical information matters," she said, adding that companies from some countries had made "significant manufacturing investments successful the US successful caller years".
For his part, Japan's Prime Minister Shigeru Ishiba said Sunday that helium "won't easy compromise".
National Australia Bank's Tapas Strickland said determination remained a batch of uncertainty among investors.
"If the statement with Vietnam is thing to spell by, past countries... the US has a commercialized shortage with look destined to person a 20 percent tariff, and those... the US has a commercialized surplus with a 10 percent tariff," helium wrote successful a commentary.
"That could mean eventual tariff rates settee higher than what the existent statement is, which is broadly for a 10 percent crossed the committee tariff with a higher tariff connected China.
"Without further clarity, though, markets volition person occupation pricing these antithetic scenarios, particularly fixed Trump's speedy reversal pursuing the marketplace absorption successful effect to the archetypal Liberation Day tariffs."
Key figures astatine astir 0230 GMT
Tokyo - Nikkei 225: UP 0.3 percent astatine 39,711.29 (break)
Hong Kong - Hang Seng Index: UP 0.5 percent astatine 23,996.70
Shanghai - Composite: UP 0.2 percent astatine 3,479.65
Euro/dollar: UP astatine $1.1745 from $1.1710 connected Monday
Pound/dollar: UP astatine $1.3634 from $1.3602
Dollar/yen: DOWN astatine 146.10 yen from 146.13 yen
Euro/pound: UP astatine 86.15 pence from 86.09 pence
West Texas Intermediate: DOWN 0.7 percent astatine $67.45 per barrel
Brent North Sea Crude: DOWN 0.6 percent astatine $69.16 per barrel
New York - Dow: DOWN 0.9 percent astatine 44,406.36 (close)
London - FTSE 100: DOWN 0.2 percent astatine 8,806.53 (close)
PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!
Source: AFP
