Public Markets 8 Hours

Last updated: July 25, 2026, 11:30 PM ET

Global Trade and Geopolitics

President Trump's trade policies as Australian Prime Minister Anthony Albanese announced plans to appeal directly to the US leader over new, reportedly unjustified, tariffs. Meanwhile, China in a relatively strong position, with the overall average weighted tariff on its goods remaining largely unchanged despite threats. Separately, Iraq and Syria linking production sites to Mediterranean export markets, a move that could reshape regional energy flows. In a separate development the Trump administration is exacerbating the semiconductor shortage, with Apple seeking clearance to acquire chips from a blacklisted Chinese firm amid robust AI demand.

Market Dynamics and Corporate News

Discrepancies in stock valuations, highlighted by a significant premium between SK Hynix's shares traded in the US and South Korea. Barrick Mining Corp. airlifted workers via helicopter after severe storms rendered road access impassable to their Barriales camp.

Political Developments

An appeals court upheld blocks on a Trump order restricting mail-in voting, marking another setback for the President's challenges to electoral processes. The government indicated a potential appeal to the Supreme Court. In India, Prime Minister Narendra Modi that emerged rapidly, energizing his opponents. Additionally, reports suggest President Trump against Iran due to concerns among advisers about depleting air defense munitions in the Middle East.