Asia markets climb on US-Japan tariff deal and China trade talk momentum; U.S. futures edge higher
Main Idea
Asia-Pacific markets rose after US President Donald Trump announced a tariff deal with Japan and progress in US-China trade talks.
Key Points
1. Asia-Pacific markets traded higher on Wednesday.
2. US President Donald Trump announced a major tariff deal with Japan, including a 15% levy on Japanese exports.
3. US-China trade talks are gaining momentum ahead of the August 12 deadline.
Description
Asia-Pacific markets traded higher on Wednesday following Tuesday’s announcement by US President Donald Trump of a major tariff deal with Japan, including a 15% levy on Japanese exports, while US–China trade talks are also gaining momentum ahead of the August 12 deadline. Gold dipped to around $3,420 per ounce on Wednesday, snapping a three-day winning streak and pulling back slightly from a five-week-high. Japan ( NKY:IND ) and Topix indexes rose 3.64% , with the latter reaching one-year highs....
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