US EditionAsian Shares Rise, Buoyed by Expectation of More Trade Pacts After US-Japan Tariff Deal
TOKYO, JAPAN, JUL 24 – Asian shares rose for a sixth day and the Australian dollar reached an eight-month high amid optimism from a U.S.-Japan trade deal and strong earnings from major tech firms.
- On Thursday, Asia-Pacific shares rallied, and the Australian dollar hit an eight-month high.
- Amid second-quarter earnings season, optimism grew on trade, with 85% of companies beating expectations, and the U.S.-Japan tariff agreement spurred hopes for additional deals.
- Amid ‘Magnificent Seven’ results, tech earnings impressed, with Alphabet Inc. beating estimates citing strong cloud demand, and SK Hynix reporting revenue and profit well above forecasts.
- Following equity gains, regional currencies surged; the Chinese offshore yuan strengthened to its highest since late 2024, and the Thai baht hit its strongest level since early 2022.
- Next week, U.S. and Chinese officials will meet in Stockholm, and a deal with the EU could defuse the Aug. 1 deadline, according to Tony Sycamore.
36 Articles
36 Articles
Japan’s Nikkei Stock Average Falls as Traders Lock in Gains after US Trade Deal Rally
TOKYO, July 25 (Reuters) - Japan's Nikkei share average dropped on Friday, halting a two-day advance that brought the index to the brink of a record, as traders locked in gains spurred by a newly inked trade deal with the United States.
Asian actions were not left behind and made a nice leap on Thursday, while the Australian dollar achieved its best performance in eight months.According to the original report, this momentum was triggered by optimism about revenues and trade deals. Tokyo’s Topix index reached a historic peak, highlighting a pact between Japan and the US that opens the door to more trade negotiations. U.S. actions and shocking resultsIt turns out that not only As…
Associated Press News
Asian shares rise, buoyed by expectation of more trade pacts after US-Japan tariff deal
Asian shares are higher, buoyed by optimism that the U.S.-Japan tariff agreement will be followed by more trade deals. Japan’s Nikkei 225 surged nearly 2%.
Asian shares, Aussie dollar climb on trade, earnings optimism
By Rocky Swift TOKYO (Reuters) -Shares in Asia rallied and the Australian dollar hit an eight-month high on Thursday as optimism over earnings and trade supported demand for higher yielding assets. Tokyo’s broad Topix gauge of shares hit an all-time high, following new records on Wall Street overnight, after a trade pact between Japan and the U.S. stoked speculation more deals would appear soon to head off sweeping tariffs. Nasdaq and S&P future…
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