China announced tariff adjustments for certain products starting in 2026, including reduced import duties on resource-based commodities such as recycled black powder for lithium-ion batteries.

Asian shares steadied on Tuesday as investors counted bumper gains heading into year-end trade, while silver and gold found their footing after a sharp pullback from record highs took some froth off the precious metals' searing rally.

A see-saw year for the US economy in 2025 looks set to give way to a stronger 2026 thanks to tailwinds from President Donald Trump's tax cuts, less uncertainty around tariffs, the ongoing artificial intelligence boom and a late-year run of interest-rate reductions from the Federal Reserve.

Oil ‌prices were little changed on Tuesday following a gain of more than 2 per cent in the previous session after Russia accused Ukraine of attacking President Vladimir Putin's residence and investors sought clarity on Ukraine peace talks to gauge potential supply disruptions. 

Consumer spending in Singapore is likely to remain robust next year, supported by improving job prospects and steady investment returns, economists say.

 Asian stocks were at six-week highs on Monday, while the dollar hovered near its lowest in almost three months on expectations of the Federal Reserve cutting interest rates next year, which have also sparked a fierce rally in precious metals.