Asia markets trade mixed amid BoK rate hold and new U.S. tariffs on Brazil; U.S. futures ease post-tech rally
2025-07-10 05:41:45
Main Idea
Asia stock markets showed mixed trading trends, while the Bank of Korea maintained its base rate at 2.50% in July 2025 after a previous cut in May.
Key Points
1. Asia stock markets traded mixed on Thursday, influenced by Wall Street's performance.
2. The Bank of Korea kept its base rate unchanged at 2.50% during its July 2025 meeting.
3. This decision followed a 25 basis points rate cut in May 2025.
Description
Asia stock markets trade mixed on Thursday, following positive lead from Wall Street overnight, where tech stocks rallied, lifted sentiment. In the region, the Bank of Korea kept its base rate unchanged at 2.50% during its July 2025 meeting, following a 25 bps cut in May, as widely expected. On the trade front, Trump imposed a 50% tariff on Brazilian imports, citing unfair trade practices, and issued tariff notices to other countries, imposing duties of 25% to 30%. US President Donald Trump anno...
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