FMP
Jul 9, 2025 7:41 AM - Parth Sanghvi
Image credit: m.
Asian equity markets were largely rangebound on Wednesday, as investors weighed mixed signals from the U.S. and China. Market caution prevailed following U.S. President Donald Trump's tariff threats, which now extend to copper and pharmaceutical imports, and as China's inflation data pointed to continued deflationary risks despite a modest rebound in consumer prices.
Asian markets tracked a muted overnight session on Wall Street, where S&P 500 Futures remained flat amid tariff-related uncertainty. Trump's escalating trade rhetoric—after letters outlining steep import duties were sent to several Asian nations—has kept markets on edge, even as the implementation date was extended from July 9 to August 1.
Adding to investor hesitation, the Reserve Bank of Australia (RBA) unexpectedly held rates steady on Tuesday, surprising traders who had priced in a third 25-basis point cut for 2025. The decision weighed on Australian equities, particularly mining stocks, after Trump's proposed copper tariffs added to the sector's pressure.
🔍 For real-time macroeconomic updates and inflation trends across Asia-Pacific, access the Economics Calendar API. It tracks CPI, PPI, rate decisions, and GDP data by country.
China's CPI for June showed a slight beat versus expectations, supported by e-commerce discounts and temporary government subsidies. However, Producer Price Index (PPI) inflation continued to contract—marking 33 consecutive months of decline and hitting its lowest since July 2023.
This reinforces concerns that China's deflationary cycle remains intact, despite multiple policy efforts to stimulate demand and counter high U.S. tariffs. Chinese authorities reiterated warnings to the U.S. on Tuesday, cautioning against a renewed trade war.
Shanghai Composite: +0.2%
CSI 300: +0.2%
Hang Seng Index: -0.9%
Outside China:
South Korea's KOSPI: +0.2%
Japan's TOPIX: +0.3%
Nikkei 225: Flat
Australia's ASX 200: -0.3%
Singapore's Straits Times Index: +0.2%
India's Gift Nifty 50 Futures: Flat open expected
India's absence from Trump's initial tariff letter batch triggered optimism that a New Delhi-Washington trade agreement may be on the horizon.
📊 For real-time market index performance across APAC, check the Market Most Active API, which also includes gainers, losers, and sector rotation trends by region.
While Trump's extension of the tariff deadline offers a narrow window for diplomacy, uncertainty remains high. Until clarity emerges on both the U.S. tariff roadmap and China's inflation trajectory, Asian markets are likely to stay in consolidation mode, with sector-specific plays reacting to commodity policy developments and monetary shifts.
Jul 9, 2025 3:40 AM - Parth Sanghvi
Bitcoin prices ticked up slightly on Wednesday as the market remained in a holding pattern, awaiting clarity on both U.S. trade policy and the upcoming legislative developments in Crypto Week, set to begin July 14. The world’s largest cryptocurrency rose 0.4% to $108,720.20 as of 02:25 ET (06:25 ...
Jul 9, 2025 7:00 AM - Andrew Wynn
FI is a stock that has captured the attention of investors with its promising performance and potential for growth. Over the past month, FI has experienced a monthly gain of 0.95%, despite a recent 10-day loss of -1.30%. This fluctuation in price may offer a strategic entry point for investors looki...