Cautious Asian shares edge up on some tariff reprieve, bonds hold steady
Gains were limited as uncertainty over Trump's trade policies and his constant back-and-forth on tariffs continuesÂ
South Korea unveils $23 billion support package for chips amid US tariff uncertainty
Increased support due to U.S. policy uncertainty and Chinese competitionÂ
Oil edges up on potential US tariff exemptions on cars, pick-up in China crude imports
Brent crude and US WTI futures gained 0.2%; vacillating US trade policies create uncertainty for global oil markets
Trade tensions can lead to stock market crashes, IMF says
Fund notes economic uncertainty boosts risk of extreme unexpected losses in investment portfolios; urges financial institutions to hold enough capital and liquidity
Goldman Sachs posts 15% profit jump on trading surge, braces for tariff-led slowdown
Goldman Sachs posts 15% profit jump on trading surge, braces for tariff-led slowdown
OPEC cuts 2025 oil demand growth forecast by 150,000 barrels per day
OPEC revises its global economic growth projections for 2025 and 2026, citing increased uncertainty from recent trade developments
U.S. dollar struggles near a three-year low
In the bond market, U.S. 10-year Treasury yields remain elevated at 4.438% after last week’s historic sell-off
Oil prices rise more than 1% after U.S. tariff exemptions
Brent crude futures increase by 1.3% to $65.59 a barrel, while U.S. West Texas Intermediate crude rises by 1.4% to $62.34
Global tech stocks rally as U.S. exempts electronics from tariffs
The removal of these tariffs provides temporary support to the technology sector by helping to avoid major supply-chain disruptions
Alphabet, Nvidia invest in OpenAI co-founder Sutskever’s SSI, source says
SSI, which sources say was recently valued at $32 billion, is one of the highest-profile startups working on AI model research
Sony increases PS5 price by 11% in Europe, 10% in UK
The move comes as electronics manufacturers globally are grappling with economic challenges, including trade disruptions
U.S. regulators seek to unwind Meta’s Instagram and WhatsApp deals
FTC alleges that Meta spent billions more than a decade ago to eliminate emerging competitors
Apple leads global smartphone sales after iPhone 16e launch
Samsung secures second place, while Chinese brands Xiaomi, vivo, and OPPO also perform strongly to complete the global top five vendors
U.S. launches national security probe into China-linked semiconductors
We want to make our chips and semiconductors and other things in our country, says U.S. President Donald Trump
Governor BOJ warns of rising global and domestic economic uncertainty
Ueda warns that U.S. tariffs could exert downward pressure on both the global and Japanese economies through multiple channels