US EditionStocks mostly rise on trade deal optimism
ASIA, JUL 10 – Asian markets rose despite new US tariffs as investors remain hopeful trade deals will limit economic damage, with Nasdaq reaching record highs, analysts said.
- US President Donald Trump imposed a 50 percent tariff on Brazil amid rising tensions, while the Nasdaq and S&P 500 hit all-time highs in New York.
- In April, Trump announced his 'Liberation Day' tariff strategy and expanded the scope of measures, originally setting a July 9 deadline that has since been extended to August 1 amid ongoing talks.
- Asian markets mostly rose on optimism that governments will negotiate deals to avoid the harshest effects of Trump's tariffs, supported by a healthy Wall Street lead.
- David Chao, Invesco's Asia Pacific strategist, said the region is better positioned to handle tariff headwinds and noted a softer dollar aids central bank flexibility.
- The tariff move heightened uncertainty on inflation and trade effects, prompted Brazil’s reciprocal levies threat, and showed little immediate market reaction to Trump's Brazil tariff.
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Asian stocks mostly rise on trade deal optimism
HONG KONG, China — Asian markets mostly rose Thursday on optimism that governments will hammer out deals to avoid the worst of US President Donald Trump’s tariffs even after he broadened his range of measures. Negotiators from around the world have tried to reach agreements with Washington since Trump in April unveiled his “Liberation Day” tariff bombshell, with a July 9 deadline recently pushed back to August 1. Letters have been sent in recent…
·Manila, Philippines
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Coverage Details
Total News Sources42
Leaning Left5Leaning Right4Center11Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 25%
C 55%
R 20%
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