It’ll be some time before sales of EV cars gain traction in Japan: Experts
Tokyo is also keen to secure US backing against China
During tensions in the West Asia region in the past, oil prices have shot up by as much as 76 per cent and rose over 30 per cent on an average over time, according to JPMorgan analysts.
'One thing that's absolutely clear — and no longer debatable — is that the reputational hit to the US brand is real, and it's not fading quietly into the next news cycle," Stephen Innes of SPI Asset Management said in a commentary.
Japan's Nikkei 225 rose 1.8% to 34,189.37 and South Korea's Kospi gained 0.8% to 2,452.42. Hong Kong's Hang Seng jumped 2.4% to 21,419.59, while the Shanghai Composite index picked up 0.9% to 3,266.26
This comes after the White House confirmed Thursday that total tariffs imposed by US President Donald Trump on Chinese imports now stands at 145 per cent.
Global Markets Today: Concerns related to US tariffs and a trade war between two largest economies have sparked unpredictability in the financial markets across the globe.
Leading the rebound was Japan's Nikkei 225, up 5.6 per cent.
Asian Stock Market Crash: US futures also signaled further weakness. The future for the S&P 500 lost 4.2% while that for the Dow Jones Industrial Average shed 3.5%. The future for the Nasdaq lost 5.3%.
Fear gauge hits 3-week high; Nike down 10.2% and Ralph Lauren cracks 16%
Nvidia, whose chips are the top choice for powering AI applications, dropped 11.7%, while a gauge of semiconductor stocks dropped 6.5%.
It was the second straight month that the bank took steps to lower borrowing costs and expand money supply.
The dollar began its ascent following early signs of a Republican victory in Georgia, strengthening further through the day.
China said on Tuesday it was "fully confident" of achieving its full-year growth target but refrained from introducing stronger fiscal steps, disappointing investors who had banked on more support for the economy.
On the geopolitical front, Israel bombed Beirut and killed at least six people after its forces suffered their deadliest day on the Lebanese front in a year of clashes with Iran-backed Hezbollah.
Markets remained cautious as Israel and the US vowed to strike back after Iran attacked Israel on Tuesday, following which the S&P 500 and the Nasdaq logged their biggest one-day falls in nearly a month.
In another escalation of the conflict, the Israeli military on Wednesday sent regular infantry and armoured units to join ground operations in southern Lebanon against Iran-backed Hezbollah.
The Fed projected a further 50 basis points of rate cuts by the end of this year, a full percentage point of cuts next year and a further half-percentage-point reduction in 2026.
With the outbreak of COVID-19 in 2020, Sri Lanka imposed import restrictions to preserve forex reserves.
The three-month average monthly payroll rise is now down to 116,000, far less than the 200,000 that analysts say is needed to meet current job-growth needs in a population that has swelled through immigration.
Employers added 142,000 jobs last month, up from a scant 89,000 in July, the Labour Department said on Friday.
The EU has imposed provisional tariffs of up to 37.6% on EVs made in China, saying they unfairly benefit from government subsidies.
The Dow Jones Industrial Average was up 47 points, or 0.1 per cent, as of 9:43 am Eastern time, and the Nasdaq composite was 0.3 per cent lower.
Wall Street has not seen anything close to a blockbuster Chinese IPO in three years. In fact, the drought is getting worse.
The national average price for a gallon of unleaded gasoline was USD 3.45 as of Monday; a month ago, it was USD 3.59, AAA said.







