Most Asian stocks moved in a flat-to-low range on Wednesday as investors remained uncertain over the full scope of U.S. President Donald Trump’s trade tariffs, while mixed inflation data from China also weighed.
The yen fell broadly on Tuesday while the dollar held steady as U.S. President Donald Trump unveiled 25% tariffs on goods from Japan and South Korea in the latest development of his chaotic trade war.
The Bank of Japan could potentially delay its interest rate hikes to 2026, Capital Economics analysts warned on Tuesday, as the central bank grapples with heightened uncertainty over U.S. trade tariffs.
The -0.7% month-on-month decline in retail sales coincided with a -0.3% decline in overall services activity in April. While surveys had previously indicated potential weakness in eurozone services for the second quarter, this concrete data confirms our expectations that GDP growth between April and June may have been negative.
China is considering doubling an investment channel local investors use to buy bonds overseas, according to people familiar with the matter, a major step in its efforts to loosen restrictions on financial flows.