Public Markets 3h Briefing
×Market Movers
Chinese export stocks investing.com rose after the US Supreme Court ruled against Trump tariffs, while gold ft.com has entered a "storybook stage" with prices far above fundamental levels. US banks enjoyed record profits ft.com of $300 billion in 2025 as they benefited from lower interest rates and increased lending.
Trade & Policy
China is evaluating Trump tariff ruling investing.com following the Supreme Court decision, while Am Cham Hong Kong reports some members are rethinking China supply chains bloomberg.com amid tariff uncertainties. The Footwear Distributors and Retailers of America has been preparing tariff refund filings bloomberg.com in anticipation of further policy changes.
Corporate Moves
Schroders ft.com vows to keep wealth manager Cazenove after its £9.9 billion takeover, while KKR bloomberg.com agreed to buy school firm XCL in a $1.3 billion deal. BlackRock bloomberg.com is losing veteran Belinda Boa as the private equity industry faces a record logjam ft.com with $3.8 trillion of unsold assets.
Asia Focus
Asian currencies investing.com ticked up as the dollar slipped amid US tariff uncertainty, while Thailand's exports jumped most bloomberg.com in four years on an AI-led electronics boom. The Philippine peso's volatility has prompted companies to step up FX hedging bloomberg.com efforts.