US EditionStocks Mixed with Trade and Earnings in Focus; Tokyo Reopens with Gains
TOKYO, JAPAN, JUL 21 – Prime Minister Ishiba's commitment to remain in office supports yen gains and boosts Asian stocks amid trade deal hopes before the August 1 US tariff deadline, with Hong Kong up 25%.
- On Monday, Asian markets opened higher on trade optimism, while the yen gained after Japanese Prime Minister Shigeru Ishiba vowed to stay in office.
- On Sunday, the ruling coalition lost its majority in Japan's upper house election and faces US tariff threats from President Donald Trump.
- The yen traded around 147.85 per dollar after hitting 147.08 earlier, remaining stronger than Friday's 148.80, and Christy Tan of Franklin Templeton Institute warned `Ishiba now faces heightened political headwinds, including pressure over inflation, taxes, and US trade talks`.
- Markets rallied initially, but observers warned the government's tenure remained fragile and investors remained nervous.
- Next week, traders may face volatility as Stephen Innes of SPI Asset Management warned of a shock, while Prime Minister Ishiba said `the deadline of tariffs is coming on Aug 1`.
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62 Articles
Daily Journal
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Sun Newspapers
Stocks mixed with trade and earnings in focus; Tokyo reopens with gains
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Hong Kong leads stocks higher; yen gains as Ishiba vows to stay
HONG KONG, China – Equities mostly rose Monday on optimism countries will reach US trade deals before an August 1 deadline, while the yen gained after Japanese Prime Minister Shigeru Ishiba said he would stay in office despite another election defeat. Hong Kong topped 25,000 points for the first time in three years as tech
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