Public Markets 8-Hour Briefing
×Asia Markets
Asia stocks showed mixed sentiment amid tariff uncertainties, with Hong Kong and South Korea advancing while other markets remained skittish. China stocks in Hong Kong rallied after the US Supreme Court struck down President Trump's emergency tariffs, with Chinese exporters set to benefit from lower duties. Samsung shares hit a record high amid speculation about its role as a supplier to Nvidia's AI initiatives.
US Markets
US stock futures dropped as tariff turmoil continued to unsettle investors ahead of Nvidia's earnings report. The dollar came under renewed selling pressure as Trump's fresh tariff plans raised concerns about American policymaking. Gold prices extended gains amid tariff jitters, with precious metals benefiting from haven demand as trade uncertainty persists.
Commodities & Currencies
Copper advanced for a second day as uncertainty around US tariff policy drove a decline in the dollar. Asset managers have turned long the Australian dollar for the first time in more than a year, driven by a hawkish Reserve Bank and weak greenback. The Indian rupee may see its recent rebound from record lows fade as analysts predict renewed weakness due to inadequate foreign inflows.
Regional Economy
Thai exports jumped to their highest level in four years, driven by AI-led electronics boom and stronger demand for raw materials. New Zealand retail spending beat estimates in the fourth quarter, suggesting the economic recovery maintained momentum. Rolls-Royce plans a $2 billion share buyback as the aerospace company looks to return capital to shareholders.