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Japanese auto stocks surged, leading the Nikkei to a one-year high after a U.S. trade deal reduced import levies to 15%. Toyota soared 14%. Trade clarity bolstered expectations for Bank of Japan rate hikes, pushing JGB yields to levels unseen since 2008.
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News and Media
Chakri Lokapriya discusses the impact of tariffs on various sectors, including capital markets, wires and cables, pharma, and IT. Retail brokerage margins are expected to decline, while the wires and cables segment hinges on economic revival and tariff clarity. Despite pharma's underperformance, potential buying opportunities exist, and IT sector growth depends on deal conversion and tariff resolution.
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News and Media
China's commerce minister has expressed strong objections to the EU's decision to include two Chinese banks in its latest round of sanctions against Russia, following Moscow's actions in Ukraine. This development occurred ahead of crucial talks in Beijing between EU leaders and top Chinese officials, where trade and the Ukraine war are set to dominate discussions.
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News and Media
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